The Cost-Minimizing Solution… Generic EOQ solver

MyOMLab Operations Management

Heizer, Render and Munson

13th Edition

5
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Difficulty – Normal

Solves any basic EOQ (Economic Order Quantity) problem. WARNING! Make sure that both DEMAND and the HOLDING COST are both expressed as ANNUAL. If one of them is not annual, convert to an annual value for the solver input. Note: the letter S = order cost. The cost-minimizing quantity is the "number to order each time". Also provides average inventory and number of orders each year.

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  • Search Terms: $ $, = a and basic cost cost-minimizing d demand economic eoq for has holding if in is model, month, of order order. ordering per product quantity? s solution the this to unit units what year, year.
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