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Business, 08.12.2021 19:10 itz64

Demand = 6,000 units/year Ordering costs = $15/order Holding costs = $4/unit/year Lead-time = 5 days weeks Unit cost = $740/unit Number of weeks per year = 50 weeks a. The firm currently orders 500 units per order. What is the total cost of ordering and holding these goods under this system? b. Determine their economic order quantity and cost of ordering and holding goods using the EOQ.

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Demand = 6,000 units/year Ordering costs = $15/order Holding costs = $4/unit/year Lead-time = 5 days...
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