A factory uses 625 tons of steel per year to make reinforced rods.Its ordering costs are $40 per order,and its holding costs are $5 per ton.According to the economic order quantity (EOQ)model,approximately how often does the company have to place an order to maintain optimal order quantity?
A) Every 55 days
B) Every 56 days
C) Every 57 days
D) Every 58 days

Question

A factory uses 625 tons of steel per year to make reinforced rods.Its ordering costs are $40 per order,and its holding costs are $5 per ton.According to the economic order quantity (EOQ)model,approximately how often does the company have to place an order to maintain optimal order quantity? 
A) ​Every 55 days 
B) ​Every 56 days 
C) ​Every 57 days 
D) ​Every 58 days

Quizplus · Accepted Answer

The Answer of A factory uses 625 tons of steel per year to make reinforced rods.Its ordering costs are $40 per order,and its holding costs are $5 per ton.According to the economic order quantity (EOQ)model,approximately how often does the company have to place an order to maintain optimal order quantity? 
A) ​Every 55 days 
B) ​Every 56 days 
C) ​Every 57 days 
D) ​Every 58 days

A Factory Uses 625 Tons of Steel Per Year to Make