# Answered Essay: Demand for an item is 1,100 units per year. Each order placed costs \$9; the annual cost to carry items in inventory is \$2 each. In what quantities should the item be ordered?

 Demand for an item is 1,100 units per year. Each order placed costs \$9; the annual cost to carry items in inventory is \$2 each. In what quantities should the item be ordered? (Round your answer to the nearest whole number.)
 Optimal order quantity units

Following detail are provided :

Annual demand = D = 1100 Units

Ordering cost = Co = \$9

Annual unit inventory carrying cost = Ch = \$2

Therefore ,

Quantity to be ordered ( as per economic order quantity model )

= square root ( 2 x Co x D / Ch )

= Square root ( 2 x 9 x 1100/ 2 )

= 99.498 ( 99 rounded to nearest whole number )

 OPTIMAL ORDER QUANTITY = 99 UNITS
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