Using the data below, find the economic order quantity (EOQ), the total annual cost associated with the economic order quantity, and the reorder point.
$\begin{array}{|l|l|}
\hline\text { Annual Demand: } & 15,000 \text { units } \
\hline \text { Weeks Operating: } & 52 \text { weeks/year } \
\hline \text { Ordering Costs: } & \$ 60 / \text { order } \\hline \text { Holding Costs: } & \$ 7 / \text { unit/year } \
\hline \text { Lead Time: } & 5 \text { weeks } \
\hline
\end{array}$

Question

Using the data below, find the economic order quantity (EOQ), the total annual cost associated with the economic order quantity, and the reorder point. 
$\begin{array}{|l|l|}
\hline\text { Annual Demand: } & 15,000 \text { units } \
\hline \text { Weeks Operating: } & 52 \text { weeks/year } \
\hline \text { Ordering Costs: } & \$ 60 / \text { order } \\hline \text { Holding Costs: } & \$ 7 / \text { unit/year } \
\hline \text { Lead Time: } & 5 \text { weeks } \
\hline
\end{array}$

Quizplus · Accepted Answer

The Answer of Using the data below, find the economic order quantity (EOQ), the total annual cost associated with the economic order quantity, and the reorder point. 
$\begin{array}{|l|l|}
\hline\text { Annual Demand: } & 15,000 \text { units } \
\hline \text { Weeks Operating: } & 52 \text { weeks/year } \
\hline \text { Ordering Costs: } & \$ 60 / \text { order } \\hline \text { Holding Costs: } & \$ 7 / \text { unit/year } \
\hline \text { Lead Time: } & 5 \text { weeks } \
\hline
\end{array}$

Using the Data Below, Find the Economic Order Quantity (EOQ)