Question: 1 ) Saram Lanka makes winch components for its different product lines. The firm s operations manager has gathered the following information for the year

1) Saram Lanka makes winch components for its different product lines. The firms operations manager has gathered the following information for the year 2022: Demand =20,000 winch components per year, Ordering cost = $25 per order, Holding cost = $4 per winch component per year. She wants to calculate the:
a) Economic order quantity
b) Annual holding costs
c) Annual ordering costs
d) Total inventory costs

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