A large law firm uses an average of 19 packages of copier paper a day. Each package contains 500 sheets. The firm
operates 280 days a year. Holding cost for the paper is $1 per year per package and ordering cost is $10 per order.
A) What order quantity would minimize total annual order and holding cost?
B) Calculate the total annual inventory control cost using your oder quantity from part A (Round the final amswer to 2 decimal places)
TC = $??
C) Except for the rounding , are annual ordering and holding costs equal at the EOQ?
Yes or no ?
A). What order quantity would minimize total annual and holding cos? EOQ? EOQ= square root of (2 * Demand * Ordering... View the full answer