Answer to Question #66021 in Economics of Enterprise for Hassan
a) What is EOQ?
b) Given the EOQ, what is the average inventory?
c) In minimizing cost, how many orders would be made each year? What would be the annual ordering cost?
d) Given the EOQ, what is the total annual inventory cost ( including purchase cost)
e) What is the time between orders?
f) What is the ROP(re-oder point)
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