Explain how economic ordering quantity method works
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A: given, minimum order level = 1000 units maximum order = 5000 units holding costs = 20%
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A: MAD stands for mean absolute deviations MSE stands for mean squared error.
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Q: How does shortage and overage in inventory affect the profitability of the business organization
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A: Given- Annual Sales = 22,000 carsWeeks in a year = 50 weeksAvailable inventory = 1,000 cars
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A: Graphical representations are a way to plot the data in different manners to determine various facto...
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Q: 2- Find the completion time (TE).
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Q: With an overall cost of goods totaling $64,000 and sales of $181,000, what is the food cost percenta...
A: Food cost percentage is a proportionate measurement between total inventory cost and total sales. H...
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