Part 1: A company is using the Economic Order Quantity (EOQ) model to mana

    Part 1:

    A company is using the Economic Order Quantity (EOQ) model to manage its inventories. Suppose its inventory holding cost per unit per year
    doubles while the annual demand and the ordering cost per order do not change. What will happen to the EOQ?

    Part 2:

    A manufacturing company sells its products directly to customers and operates 5 days a week 52 weeks a year. The production
    department of this company can produce at the rate of 60 units per day. The setup cost for a production run is $ 125.00. The cost of holding is $ 4.00 per unit
    per year. The demand for the item is continuous and constant and is 3900 units per year. (Note: The demand occurs only when the company is operating that is
    5 days a week for 52 weeks). Find the optimum number of units to be produced in one batch (economic production quantity). Round the number to nearest
    integer.

                                                                                                                                      Order Now