Samibush
You need $50000 cash throuout the year. your time is worth $100 per hour and it takes half an hour to get cash from your ATM. your bank is paying 5 percent per annum passbook savings.
1. what is the EOQ?
2. What is the total cost at the EOQ?
3. How many times per year will you visit the ATM?
1. what is the EOQ?
2. What is the total cost at the EOQ?
3. How many times per year will you visit the ATM?