Management Fundamentals 5th Edition by Robert Lussier

Exercise 1

Objective
To develop your skill at calculating EOQ.
Skills
The primary skills developed through this exercise are:
1. Management skill - decision making
2. AACSB competency - analytic
3. Management function - controlling
Calculate the EOQ for each of the following four situations:
_________ 1. R 5 2,000, S 5 $15.00, H 5 $5.00
_________ 2. H 5 $10.00, R 5 7,500, S 5 $40.00
_________ 3. R 5 500, H 5 $15.00, S 5 $35.00
_________ 4. S 5 $50.00, H 5 $25.00, R 5 19,000
Apply It
What did I learn from this experience? How will I use this knowledge in the future?
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