Business, 29.03.2021 16:00 asher456581
3. (Total 25 points) The demand for chair is 2000 per month. Each chair costs $55. The ordering
cost per order is $30. The monthly holding cost per chair is 0.8 dollars.
(a) (8 points) Compute EOQ.
(b) (3 points) How many orders will be placed in a YEAR if EOQ is used for ordering quantity?
(c) (7 points) What will be the total cost per month by ordering a quantity equal to EOQ every
time?
(c) (7 points) What will be the total cost per month by adopting a policy of ordering 500 chairs
per order instead of ordering EOQ?
Answers: 3
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3. (Total 25 points) The demand for chair is 2000 per month. Each chair costs $55. The ordering
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