William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics: 19,500 units/year $25/order $5/unit/year (round your response to the nearest whole number). a) The EOQ for the workbooks is Demand D Ordering cost S Holding cost H

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William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics:
19,500 units/year
$25/order
$5/unit/year
(round your response to the nearest whole number).
a) The EOQ for the workbooks is
Demand D
Ordering cost S
Holding cost H
Transcribed Image Text:William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics: 19,500 units/year $25/order $5/unit/year (round your response to the nearest whole number). a) The EOQ for the workbooks is Demand D Ordering cost S Holding cost H
Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central
inventory operation. Thomas's fastest-moving inventory item has a demand of 5,900 units per year. The cost of each unit
is $102, and the inventory carrying cost is $11 per unit per year. The average ordering cost is $29 per order. It takes
about 5 days for an order to arrive, and the demand for 1 week is 118 units. (This is a corporate operation, and there are
250 working days per year).
a) What is the EOQ?
units (round your response to two decimal places).
Transcribed Image Text:Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas's fastest-moving inventory item has a demand of 5,900 units per year. The cost of each unit is $102, and the inventory carrying cost is $11 per unit per year. The average ordering cost is $29 per order. It takes about 5 days for an order to arrive, and the demand for 1 week is 118 units. (This is a corporate operation, and there are 250 working days per year). a) What is the EOQ? units (round your response to two decimal places).
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