Using the Data Below, Find the EOQ, the Total Annual

question 22

Essay

Using the data below, find the EOQ, the total annual cost associated with the economic order quantity, and the reorder point.
$$\begin{array} { l l } \text { Annual Demand: } & \text { 8,000 units } \\\text { Weeks Operating: } & 52 / \text { year } \\\text { Ordering Cost: } & \$ 35 / \text { arder } \\\text { Holding Cost: } & \$ 4 / \text { unityear } \\\text { Lead-Time: } & 3 \text { weeks }\end{array}$$

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Definitions:

Cross-Cultural Sensitivity

The ability to understand and appreciate cultural differences and to interact effectively with people from diverse backgrounds.

Intercultural Communication

The process of exchanging meaningful and unambiguous information between people from different cultural backgrounds.

Cultural Competency

The ability to understand, appreciate, and interact effectively with people of different cultures and socio-economic backgrounds.

Social Equity

The fair and just distribution of resources and opportunities among all members of a society, aiming to reduce disparities and promote equality.