The Omnigroup stocks and sells Kipor generators. The firm gathered the following information from its Kathmandu office:
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3) The Omnigroup stocks and sells Kipor generators. The firm gathered the following information from its Kathmandu office:
Demand = D = 19,500 units per year
Ordering cost = S = $25.60 per order
Holding cost = H = $4.40 per unit per year
The firm wants to calculate the:
- a) EOQ for the Kipor generators.
- b) Annual holding costs for the Kipor generators.
- c) Annual ordering costs for the Kipor generators.
Hint:
EOQ = square root of (2DS/H)
Annual Holding Cost = (Q/2) H
Annual Ordering Cost = (D/Q) S
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