Can someone provide me with the correct answer to this question, thanks in advan

Question

Can someone provide me with the correct answer to this question, thanks in advance!

demand for this model al 850 unils. His cost to carry one unit is $65 per year per unil, and he has estmated that each order costs Ray's Salellile Emporium wishes to delermine the best order size for its best-selling satellile dish (model TS111), Ray has estimated he annua S14 to place Using the EOQ model, how many should Ray order each tima? (Round your answer to the nearest whole numbar) Optimal order quantity units

Explanation / Answer

Answer:

Given for the question are as below

Annual Demand (D) = 850 units

Unit Order Cost (S) = $ 14

Holding Cost (H) = $ 65

The EOQ is given by the below formula as

Annual Demand (D) = 850 units

Unit Order Cost (S) = $ 14

Holding Cost (H) = $ 65

The EOQ is given by the below formula as

Economic Order Quantity = Square root of [ (2 * D * S ) / (H) ] Economic Order Quantity = Square root of [ ( 2 * 850 * 14 ) / (65) } Economic Order Quantity = Square root of (366.15) Economic Order Quantity = 19.14

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