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Essay Available:
Pages:
1 page/≈275 words
Sources:
1 Source
Style:
APA
Subject:
Mathematics & Economics
Type:
Math Problem
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.32
Topic:

Quanitive Analysis

Math Problem 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.
Math Problem Sample Content Preview:

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:
The economic order quantity can be beneficial in determining the optimum production runs in cases where...
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