Exam (elaborations)
OSCM373 exam 3 review Q/A 100 PASSED
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A business owner uses 162 parts each day. Ordering cost for parts is $10 per order, and annual holding cost is 1 dollars per unit. Assume 360 days in a year. What is the Economic Order Quantity for parts? - ANS 1,080 EOQ=SQRT(2DS/H)=SQRT(2*162*360*10/1)=1,080 units. A business owner uses 162 pa...
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