a neighborhood sportswear store sells a pair of victoria sneakers. Due to the fitness craze these shoes are in high demand. 54 pairs of shoes are sold per week. The odering cost is $18 per order and the annual holding cost is 9. if the store operates 52 weeks a year what is the EOQ?
Expert Answer
Annual demand of shores = D = 54 pairs/ week x 52 weeks = 2808
Ordering cost = Co = $18 / order
Annual unit jolding cost = Cu = $9
The economic order Quantity ( EOQ )
= Square root ( 2 x Co x
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