Help please. Thank you.
Material consuption next year is estimated at 1200kg. How much material has to be orderes for next year when we have 300kg on the day of compilation af the balance sheet (1.7 of this year), by the end of this year we expect 500kg and delivery 600kg and the standard stock is 100kg. For what delivery cycle EOQin days will decise if the carrying cost per unit is 200USD and ordering costs for order is 9500 USD.
Expert Answer
Annual demand, D = 1200 kg
Ordering cost , K = 9500
Carrying cost, H = 200
EOQ = √(2DK/H)
=
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