Question: 1) EOQ Problem #1: The Always Fresh Grocery Store carries a particular brand of tea that has the following characteristics: Sales: 8 cases per week

1) EOQ Problem #1: The Always Fresh Grocery Store
1) EOQ Problem #1: The Always Fresh Grocery Store carries a particular brand of tea that has the following characteristics: Sales: 8 cases per week Ordering cost: $10 per order Carrying charge: 20% annually Item cost: $80 per case A) How many cases should be ordered at a time? B) At what inventory level will tea be ordered assuming safety stock is set at 12 cases and the lead time is 2 weeks? C) What factors might cause the company to order a larger or smaller amount than the EO

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