Question: a) What is the EOQ? _____ units (round your response to two decimal places). b) What is the average inventory if the EOQ is used?

a) What is the EOQ? _____ units (round your response to

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).

c) Given the EOQ, how many orders will be made annually? ______orders (round your response to two decimal places). What would be the annual order cost? $ _____ (round your response to two decimal places).

d) Given the EOQ, what is the total annual cost of managing (ordering and holding) the inventory? $_______ (round your response to two decimal places)

. e) What is the time between orders? _____ days (round your response to two decimal places).

f) What is the reorder point (ROP)? ______ units (round your response to two decimal places).

Joe Henry's machine shop uses 2,500 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets

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