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What is the EOQ

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Question - Assume that Domingo Company makes footballs and is trying to determine the quantity of leather it should order every time an order is placed. The relevant information is as follows:

a. over the course of a year 12,000 square meters of leather will be needed,

b. the cost of storing 1 square meter of leather is $3 and

c. the cost of placing an order is $450.

What is the EOQ?

The average lead time is 10 days and the average daily usage of widgets is 20. The XYZ company has determined that safety stock should be 100 units.

What is the reorder point?

Reference no: EM133123450

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