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For supply item Splunge, ACME Industrial Products Corporation has been ordering

ID: 2360640 • Letter: F

Question

For supply item Splunge, ACME Industrial Products Corporation has been ordering 57 units based on the recommendation of the salesperson who calls on the company every other month. ACME's new purchasing agent has starting to use the EOQ method (economic-order-quantity) and its supporting decision elements. ACE has reported the following information: Annual demand in units = 600 Days used per year = 200 Lead time (in days) = 10 Annual unit carrying costs = $100 Ordering costs = $75 Using this information, please calculate the EOQ

Explanation / Answer

EDQ = square root of 2DP/C D= 600 and P = $75 and C = 100 EDQ = square root of 600 x $75 x 2/100 = 30

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