Demand occurs at constant rate and shortages

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Reference no: EM132273309

Branest Airlines uses 500 taillights per year. Each time an order for taillights is placed, an ordering costof $5 is incurred/ Each light costs 40cent, and the holding cost is 8cent/light/year.

Assume that demand occurs at a constant rate and shortages are not allowed.

a) What is EOQ?

b) How many orders will be placed each year?

c) How much time will elabse between the placement of orders?

Reference no: EM132273309

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