Find the optimal values of the economic ordering quantity

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Question: The annual demand for an automobile component is 36,000 units. The carrying cost is ? 0.50/ unit/year, the ordering cost is 25.00 per order and the shortage cost is ? 15.00/unit/year. Find the optimal values of the following demand for an automobile component is 36,000 units. The carrying cost is ? 0.50/ unit/year, the ordering cost is 25.00 per order and the shortage cost is ? 15.00/unit/year. Find the optimal values of the following.

- Economic ordering quantity

- Maximum inventory

- Maximum shortage quantity

- Cycle time

- Inventory period (:1)

- Shortage period (t2)

Reference no: EM131456948

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