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Please help me to Solve Problem of EOQ Model If Demand is 6000 units, cost per order is $15 , and Holding cost per unit per year is $3:Calculate the following:
1). What is Optimal order quantity?
2). How many cycle time of order?
3). What is TSC?
4). What is ATC?
5). Cycle time? (Number of days per cycle)
6). Re-Order Point if LT= 5 weeks, and B= 350 units?
7). If Management decided to order 300 units Each time, do you agree with him? Why?
How do you find the required cycle time for a company that operates a production line for 7.5 hours per day with a demand of 8113
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