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Answer:
Minimun cost: $2000
Explanation:
We solve for the optimal order size using the
Economic Order Quantity:
<u>Where: </u>
D = annual demand = 2,000 boxes
S= setup cost = ordering cost = $ 100
H= Holding Cost = $10.00
EOQ 200
It should order: 2,000 demand / 200 order size = 10 times
At a cost of 1,000 dollar (100 units x $ 10)
It will face an average inventory of 100 units thus holding cost:
100 units x 10 dollar per unit = 1,000
Total cost: 1,000 + 1,000 = 2,000
Answer:
Please find the complete question in the attached file.
Explanation:
The closeness to the next airport and railway station, all possible benefits of a location, prices as well as brand value of the location are required to choose the ideal company location.
Choosing SEZ's truly trade community is the best way to do the company because it offers availability and accessibility to the airport as well as all business centers.
Quality management where quality improvement is indeed the primary requirement and the best quality is measured. To improve quality overall, one must embrace it.
Its error rate is the minimum and the result is of the greatest durability, sturdiness, and value perception. Complete such as Agile, Kaizen, supply chain, and inventory control are available.
