Question

$5.00 EOQ- Lilly

Found in Business: General-Business
Chapter 1, # 0
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Lishika
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Q:

EOQ: Lilly’s Manufacturing needs fastener supplies to manufacture its products. The CFO estimates that the company will need about 200,000 cases next year. The cost of storing cases is about $0.90. The ordering cost is $500 for a shipment.
Determine the EOQ.

 

What questionable assumptions are being made by the EOQ model?

 

Tutorial
 
$5.00
EOQ- Lilly
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  • Posted on Dec 27, 2011 at 4:04:58PM
A:
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The full tutorial is about 6 words long plus attachments.

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Attachments:
EOQ _Lilly.xls (23K)