Question

Question 2 :
In EOQ formula o is denoted for?
Ordering cost per unit
Ordering quantity
Total ordering cost
Ordering cost per order​

Answer 1

Answer:

It costs the company $5 per year to hold a pair of jeans in inventory, and the fixed cost to place an order is $2. The EOQ formula is the square root of (2 x 1,000 pairs x $2 order cost) / ($5 holding cost) or 28.3 with rounding

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