Question: 2 . EOQ HomeworkJoe Henrys machine shop uses 2 , 5 0 0 brackets during a year. These brackets are purchasedfrom a supplier 9 0
EOQ HomeworkJoe Henrys machine shop uses brackets during a year. These brackets are purchasedfrom a supplier miles away. The following information is provided:Annual demand unitsHolding cost per bracket per year $Order cost per order $Lead time daysWorking days per year daysa What is the EOQ?b What is the average inventory?c What is the optimal number of orders per year?d What is the optimal number of days between orders?e What is the annual total inventory cost?f What is the total annual cost if each item costs $
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