Question: a. Problem 1: (50 points) A company uses an average of 4,000 tires bi-annually. Preparing an order and receiving a shipment of tires involves a

a. Problem 1: (50 points) A company uses an

a. Problem 1: (50 points) A company uses an average of 4,000 tires bi-annually. Preparing an order and receiving a shipment of tires involves a cost of $40 per order. Annual carrying costs are $100 per tire. Determine the economic order quantity. b. What is the average number of tires on hand? How many orders per year will be there? d. Compute the total cost of ordering and carrying flour. If ordering costs were to increase by $10 per order, compute the total annual cost of ordering and carrying e

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