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Q5.12 (Millennium Liquors) Millennium Liquors is a wholesaler of sparkling wines. Their most popular product is the French Be

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Answer #1

Answer a= Weekly holding cost=

Inventory holding cost h = 0.15*$120/50 =$0.36 /week

Anwer b= EOQ= (2*D*S/H)0.5

In the question, D=45 cases S=$290, H=$0.36

EOQ= (2*45*290/0.36)0.5

EOQ=269.25 cases per order

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