Fill in order details

  • Submit your instructions
    to writers for free!

Chat with the writer

  • Chat with preferred expert writers
  • Request a preview of your paper
    from them for free

Editing

  • Project edited by the quality evaluation department

Download Your Completed Project

  • Download the completed project from your account or have it sent to your email address

Melinda Scholer has spent the last few weeks determining inventory costs for TOCO, a toy manufacturer located near Taos, New Mexico. She knows that annual demand will be 20,000 units per year and that carrying cost will be $0.50 per unit per year. Ordering cost, on the other hand, can vary from $40 per order to $50 per order

Melinda Scholer has spent the last few weeks determining inventory costs for TOCO, a toy manufacturer located near Taos, New Mexico. She knows that annual demand will be 20,000 units per year and that carrying cost will be $0.50 per unit per year. Ordering cost, on the other hand, can vary from $40 per order to $50 per order. During the last 486 working days, Melinda has observed the following frequency distribution for the ordering cost. Melinda’s boss would like Melinda to determine an EOQ value for each possible ordering cost and to determine an EOQ value for the expected (mean) ordering cost.
Ordering Cost ($) Frequency Ordering Cost ($) Frequency
40 24 46 64
41 34 47 45
42 44 48 44
43 56 49 23
44 76 50 10
45 66
Remember to show all working in your answer.

Place your order now on a similar paper and get best quality work written by our expert level writers. “A” guaranteed.

assignment writing help

What our customers say
_____

error: Content is protected !!