Given the Following Data for a Particular Inventory Item What Is the Economic Order Quantity for This Item

question 46

Short Answer

Given the following data for a particular inventory item: $$\begin{array} { l l } \text { Usage } & 500 \text { units/week } \\\text { Ordering } & \$ 40 \text { per order } \\\text { Carrying Cost } & \$ .01 \text { per unit per week } \\\text { Lead Time } & 3 \text { weeks } \\\text { Price } & \$ .50 \text { per unit }\end{array}$$ What is the economic order quantity for this item?

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Personal Prejudices

Bias or preconceived opinions that individuals hold against others or certain ideas, often without proper knowledge or reason.

College Degrees

Certifications granted by colleges or universities indicating the holder has completed a particular course of study.

Proportion

The relationship between parts of a whole, expressed as a ratio or fraction that denotes the comparative quantity of one thing relative to another.

Graduating

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