Given an EOQ model with shortages in which annual demand is 5000 units, Co = $120,...
Given an EOQ model with shortages in which annual demand is 5000
units, Co = $120, Cc = $15 per unit per year, and Cs = $40, what is
the order quantity?
Homework Answers
Annual demqand(D)= 5000
Ordering cost(Co)= $120
carrying cost(Cc)= $15
Shipping Cost(Cs)= $40
Then the optimal order quantity will be
Q=√{2CoD/Cc}=√(2x120x5000)/15= 283
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Given an EOQ model with shortages in which annual demand is 5000
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