Question: 2 ( 5 0 pts ) Piddling Manufacturing assembles security systems. It purchases 3 , 6 0 0 high - definition security cameras a year

2(50 pts) Piddling Manufacturing assembles security systems. It purchases 3,600 high-definition security cameras a year at $180 each. Ordering costs are $50/order, and holding costs per unit are 20 percent of the purchase price. They operate 300 days a year, and the lead time to receive an order from its upstream supplier is three working days. (a)(10pts) What is the Economic Order Quantity (EOQ)? (b)(20pts) Find the total annual costs if the EOQ quantity is ordered (explicitly write down the formula.) (c)(5pts) How many orders per year are expected? (d)(5pts) What is the expected time between orders? (e)(10pts) What is the reorder point?

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