Question: a . ) Given the above information, what would be the economic order quantity ( EOQ ) ? b . ) Given the EOQ, what
a Given the above information, what would be the economic order quantity EOQ
b Given the EOQ, what would be the average inventory? What would be the annual inventory holding cost?
c Given the EOQ, how many orders would be made each year? What would be the annual order cost?
d Given the EOQ, what is the total annual cost of managing the inventory?
e What is the time between orders?
f What is the reorder point ROPJordin Henry's machine shop uses brackets during the course of a year. These brackets are purchased from a supplier miles away. The following information is known about the brackets:
a What is the EOQ? units round your response to two decimal places
b What is the average inventory if the EOQ is used?
units round your response to two decimal places
What would be the annual inventory holding cost? $
round your response to two decimal places
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