Write your detailed calculations to the extra credit question clearly on a piece of paper
George Heinrich yearly uses 1500 units of a certain subassembly part that has an
annual holding cost of $45 per unit. Each order placed costs George $150. In one year he
finds out that his forecasting department has made an error estimating the demand and
instead of the correct demand they had reported the same 1500 units and calculated the
EOQ resulting in an error of %1 underestimation in optimal total cost. Neglecting
purchasing cost in your calculations, what is the correct demand value?
WORK IT OUT ON A PAPER
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