The soft goods department of a largedepartment store sells 184 units per monthof a certain large bath towel. The unitpurchase cost of a towel to the store is $2.5and the cost of placing an order has beenestimated to be $11. The store's inventorycarrying cost is 33% of the purchase cost ofthe goods.Suppose that the demand rate is a constantand the EOQ model is used. What is theoptimal annual cost of placing orders andholding inventory?

Economic Order Quantity, has one name Economic Purchase Quantity, here the order quantity that…

rtment store sells 184 units per mont certain large bath towel. The unit hase cost of a towel to the store is $2 he cost of placing an order has been nated to be $11. The store's inventory ing cost is 33% of the purchase cost oods. ose that the demand rate is a consta he EOQ model is used. What is the nal annual cost of placing orders and ng inventory?

rtment store sells 184 units per mont certain large bath towel. The unit hase cost of a towel to the store is $2 he cost of placing an order has been nated to be $11. The store's inventory ing cost is 33% of the purchase cost oods. ose that the demand rate is a consta he EOQ model is used. What is the nal annual cost of placing orders and ng inventory?

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter2: Mathematics For Microeconomics

Section: Chapter Questions

Problem 2.6P

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