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Question: The weekly demand for an item is 50 units. It is known that the holding cost per year is 20 percent of the unit price. A cost of RM40 will be charged on placing each order. That particular item costs the company RM150 per unit. Owning to high demand, the company's customers do not object to backordering and the backordering cost is RM5 per year. This company operates for 50 weeks a year.
(a) Calculate the Economic Order Quantity.
(b) Determine the maximum quantity of backorder.
(c) How long does a customer have to wait in order to get the desired item?
Presentations: Planning a Presentation; Collaboration: Team Projects, In your job as a business development researcher for a major corporation, you're asked to gather and process information on a wide variety of subjects.
To finance the purchase of a bank, Mike Moody, George Krumme, and others executed as comakers two promissory notes in the amount of $8.17 million.
RequirementStudent should select organizations (which you have access to or from internet )and work through the following questions relating to customer.
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