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Pages:

1 page/≈275 words

Sources:

1 Source

Level:

APA

Subject:

Mathematics & Economics

Type:

Math Problem

Language:

English (U.S.)

Document:

MS Word

Date:

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$ 4.32

Topic:

# Quanitive Analysis (Math Problem Sample)

Instructions:

Introduction:
A variety of criteria and techniques can be used to determine how many units .......................................................please refer to the APA Handout web link included in the General Instructions section.
source..

Content:

Quantitative Analysis

Name

University

Quantitative Analysis

Introduction:

Economic Order Quantity formula is useful in determining the optimum production capacity that will result in the most cost saving options that is the minimum holding cost and ordering cost which are total annual costs. EOQ application is possible where the demand is constant over the period and all costs to be incurred are fixed.

Formula:

The EOQ Formula is:

EOQ= QUOTE

Where:

A= Annual Consumption B= Buying cost per order

C= Cost per unit S= Storage and carrying cost

In part A:

A= 18000 units B= $38

C= $12 S= 26% of inventory

EOQ = QUOTE

= QUOTE

= 662 units

The company’s optimum order size should be 662 units in order to minimize the total annual costs.

In Part B...

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