The selling price of a certain type of computer is RO 1,000, and the annual holding cost is 25% of the value of the item. The monthly demand is 1000 units, and the order cost is RO 150 per order, What is the approximate economic order quantity? Round-up to the nearest integer

Practical Management Science
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ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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The selling price of a certain type of computer is RO 1,000, and the annual holding cost is 25% of the value of the item. The monthly
demand is 1000 units, and the order cost is RO 150 per order, What is the approximate economic order quantity? Round-up to the
nearest integer
o a.
120
Ob. 50
O C.
110
o d. None is correct
e.
90
CLEAR MY CHOICE
Transcribed Image Text:The selling price of a certain type of computer is RO 1,000, and the annual holding cost is 25% of the value of the item. The monthly demand is 1000 units, and the order cost is RO 150 per order, What is the approximate economic order quantity? Round-up to the nearest integer o a. 120 Ob. 50 O C. 110 o d. None is correct e. 90 CLEAR MY CHOICE
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