A product used in laboratory costs $60 to order and carrying ost per item per week is $0.01. Demand for the item is 600 units weekly. Lead time is 3 weeks and purchase price is $0.60.
What is EOQ for the item
What is length of an order calculate weekly costs
what is the investment cost for the item
what is reorder point if no safety stock
what is reorder pt is 1000 units kept as safety stock
