Post Utme Ui 2024 Commerce Question 36
Practice objective / multiple choice question 36 from the 2024 Post Utme Ui Commerce examination.
A company's inventory management system uses the Economic Order Quantity (EOQ) model to determine the optimal order quantity. The EOQ model is given by the formula: Q = √(2DS/H), where Q is the optimal order quantity, D is the demand rate, S is the ordering cost, and H is the holding cost. If the demand rate is 100 units per month, the ordering cost is ₦500 per order, and the holding cost is ₦20 per unit per month, what is the optimal order quantity?
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About This Question
This is Post Utme Ui 2024 Commerce Question 36. It is one of the objective questions from the 2024 Post Utme Ui Commerce examination.
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