Question: 4. (6 points) The estimated demand for brackets during a year is just equal to the last 4 digits of your student id. Assume there

4. (6 points) The estimated demand for brackets

4. (6 points) The estimated demand for brackets during a year is just equal to the last 4 digits of your student id. Assume there is no lead time. The holding cost per bracket per year is $1.00 and the ordering cost per order is $120. Please use the EOQ model to evaluate inventory policy and suggest any improvements. a. (1 point) What is the optimal order size? b. (1 point) What is the optimal number of orders per year? c. (1 point) What is the optimal inventory cycle length (given 360 work days per year)? d. (1 point) Determine is the optimal total annual ordering cost? e. (1 point) The present company policy of order quantity is to 800 brackets as order quantity. What is the total inventory cost with this order quantity? Is there an improvement if we change to optimal order size? f. (1 point) What happens to the optimal quantity Q and the inventory-related cost of the unit holding cost were to increase? holding cose We do te the optim 4. (6 points) The estimated demand for brackets during a year is just equal to the last 4 digits of your student id. Assume there is no lead time. The holding cost per bracket per year is $1.00 and the ordering cost per order is $120. Please use the EOQ model to evaluate inventory policy and suggest any improvements. a. (1 point) What is the optimal order size? b. (1 point) What is the optimal number of orders per year? c. (1 point) What is the optimal inventory cycle length (given 360 work days per year)? d. (1 point) Determine is the optimal total annual ordering cost? e. (1 point) The present company policy of order quantity is to 800 brackets as order quantity. What is the total inventory cost with this order quantity? Is there an improvement if we change to optimal order size? f. (1 point) What happens to the optimal quantity Q and the inventory-related cost of the unit holding cost were to increase? holding cose We do te the optim

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