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EOQ analysisTiger Corporation purchases1,430,000 units per year of one component. The fixed cost per order...

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Finance

EOQ analysisTiger Corporation purchases1,430,000 units per year of one component. The fixed cost per order is $54. The annual carrying cost of the item is 27.5% of its $9.56 cost.

a. Determine the EOQ if (1) the conditions stated above hold, (2) the order cost is $1.00 rather than $54, and (3) the order cost is $54 but the carrying cost is $0.01.

b.What do your answers illustrate about the EOQ model? Explain.

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