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What is the economic order? quantity

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?Discount-Mart, a major East Coast? retailer, wants to determine the economic order quantity for its halogen lamps. It currently buys all halogen lamps from Specialty Lighting? Manufacturers, in Atlanta. Annual demand is 2,400 ?lamps, ordering cost per order is ?$0.80?, carrying cost per lamp is ?$20. As part of its new JIT? program, Discount-Mart has signed a? long-term contract with Specialty Lighting and will place orders electronically for its halogen lamps.

Question ?a) What is the economic order? quantity?

Question b) How many orders will be? placed?

Question ?c) What is the total annual cost of managing the inventory with this? policy?

Reference no: EM132542912

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