What is the eoq that minimizes the total inventory costs

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Reference no: EM13266366

Mama Leone's Frozen pizzas uses 41,000 units of cheese per year. Each unit costs $2.50. The ordering cost for the cheese is $295.00 per order, and its carrying costs is .59 per unit per year. Calculate the firm's economic order quantity for the cheese. mama leone's operates 250 days per year and maintains a minimum inventory level of 5 days' worth of cheese. If the lead time to recieve orders of cheese is 3 days, calculate reorder point. What is the EOQ that minimizes the total inventory costs?

Reference no: EM13266366

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