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Al Khaleej Inc. needs 325 kgs of a material per month. It costs RO 10 to make and receive an order, and it takes 16 workdays to receive it. The annual holding cost is 15% of purchase price. The price

Al Khaleej Inc. needs 325 kgs of a material per month. It costs RO 10 to make and receive an order, and it takes 16 workdays to receive it. The annual holding cost is 15% of purchase price. The price RO 1 per kg. The company is operating 6 days per week. What is the best quantity to order? Round-up to the nearest integer- Select one: a: 593 kg b. None is correct c. 722 kg d. 749 kg e. 267 kg A product has a demand of 15,000 units per year. Ordering cost is RO 200, and holding cost is RO 3 per unit per year. The EOQ model is appropriate. The cost-minimizing solution for this product will cost per year in total annual inventory (holding and setup) costs. Round-up to the nearest integer Select one: a. 3795 b. 4243 c. None is correct d. 800 e. 1200

May 04 2021 View more View Less

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