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Joe Henry's machine shop uses 2 comma 450 brackets during the course of a year

Joe Henry's machine shop uses 2 comma 450 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the? brackets:

Annual demand 2,450

Holding cost per bracket per year $ 1.30

Order cost per order $ 19.25

Lead time 2 days

Working days per year 250 ?

a) What is the? EOQ = _____ units ?(round your response to two decimal? places).

Expert Solution

Ans: 269.37

Explanation:

Where, Q = EOQ

D = Annual demand

S = Ordering cost

H = Holding cost

Q = 269.37

Amanda K answered 3 years ago

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