ray's satellite emporium wishes to determine the best order size for its best-selling satellite dish (model ts111). ray has estimated the annual demand for this model at 1,750 units. his cost to carry one unit is $65 per year per unit, and he has estimated that each order costs $20 to place. using the eoq model, how many should ray order each time? (round your answer to the nearest whole number.)

Question

04-11-2022
Business

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ray's satellite emporium wishes to determine the best order size for its best-selling satellite dish (model ts111). ray has estimated the annual demand for this model at 1,750 units. his cost to carry one unit is $65 per year per unit, and he has estimated that each order costs $20 to place. using the eoq model, how many should ray order each time? (round your answer to the nearest whole number.)

Answer :

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tutorconsortium117 tutorconsortium117 · Answer 1 · 2022-11-08T01:22:18-05:00

the quality that drives you to persist in doing something despite its difficulty; fierce/grim/dogged resolve He bravely and resolutely fought the disease. Their only means of survival had been willpower.

The 22.37 unit should be used in ordering ray order each time.

Explanation:

Economic Order Quantity (EOQ) : The EQO is that quantity which the firm has to be produced by minimizing the ordering cost per order and carrying cost per unit

The formula to compute EQO is shown below:

Economic order quantity =√2×Annual demand × Ordering cost

Carrying cost

= 22.37 units

Thus, the EOQ is 22.37 units.

Hence, the 22.37 unit should be used in ordering ray order each time.

To learn more about 'annual demand' refer to

https://brainly.com/question/13018881

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