Joe Henry's machine shop uses 2 comma 510 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: Annual demand 2 comma 510 Holding cost per bracket per year $ 1.35 Order cost per order $ 18.25 Lead time 2 days Working days per year 250 a) What is the EOQ? nothing units (round your response to two decimal places).
Annual Demand = D = 2510/year
Ordering Cost = Co = $18.25
Holding Cost = Cc = $1.35/year
Economic Order Quantity Q* = √(2DCo/Cc) = √(2*2510*18.25/1.35) = 260.51
Joe Henry's machine shop uses 2 comma 510 brackets during the course of a year. These...