Here are three things you could do if you do not attend your economics class: go to a free outdoor yoga class with some friends
1 answer:
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Answer:
a) 493.71
b) 987.42
c) 987.42
Explanation:
a) The formula for Economic Order Quantity (EOQ) is :
EOQ = where
- D : Demand in Units (typically on annual basis)
- S : Order cost (per purchase order)
- H : Holding Cost (per unit, per year
Therefore EOQ =
EOQ = 493.71
b) Annual Holding Cost= (Q * H) / 2 = = 987.42
c) Annual ordering cost = (D * S) / Q = = 987.42