Question: 4 . 1 . 1 Compute the economic order quantity ( EOQ ) of the packets of medicine. ( 3 Marks ) 4 . 1

4.1.1 Compute the economic order quantity (EOQ) of the packets of medicine. (3 Marks)
4.1.2 Based on the ordering policy stated above, compute the total annual ordering and holding costs of the medicine. (3 Marks)
4.1.3 How much money can SOSGH save by replacing the existing inventory policy with the economic order quantity (EOQ) model? (5 Marks)

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