Question: a.) Whats the EOQ? b.) What is the average inventory if the E0Q is used? What would be the annual inventory holding cost? c.) Given
What would be the annual order cost?
d.) Given the EOQ, what is the total annual cost of managing (ordering and holding the inventory?
e)What is the time between orders?
f) What is the reorder point (ROP)?
Jordin Henry's machine shop uses 2,520 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: a) What is the EOQ? units (round your response to two decimal places)
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