XYZ is a retailer and sells 108,000 units per year. It purchases from a single supplier. Fixed costs per order are $912 and carrying cost is $7 per unit. How many units should XYZ purchase per order? That is, what is the Economic Order Quantity?
Enter your answer rounded off to two decimal points. Margin for error: +/- 1
| EOQ=((2*annual qty*fixed cost per order)/annual holding cost per unit)^(1/2) |
| EOQ=((2*108000*912)/7)^(1/2) |
| EOQ = 5304.88 |
XYZ is a retailer and sells 108,000 units per year. It purchases from a single supplier....
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