Economic Order Quantity: EOQ Formula Excel Guide

2.2 REQUIRED Use the information provided below to calculate the annual Economic Order Quantity (EOQ).(5 marks)INFORMATION: The monthly sale of an item is 900 units. The selling price per unit is R7.50, and the item is sold at cost plus 50%. The ordering cost amounts to R20 per order, and the holding cost per unit is equal to 10% of the unit cost of the item.

Answered: The difference(s) between the basic EOQ model and theproduction order quantity model is(are) that:a) the production order quantity model does not requirethe… | bartleby

the eoq model without the instantaneous receipt assumption is commonly called the a quantity discount model b safety stock model c planned shortage model d production run model 54931

Answered: Basic EOQ. This type of problem can be recognized when annual demand (D), ordering cost (S), andholding or carrying cost per unit (H) are given. Use Formula… | bartleby

EQ vs IQ