Question: ASSIGNMENT INFORMATION Points Possible Due Date Thursday, April 21, 2022 11:59 PM 10 Following the example in the slides, given the following information: The annual

ASSIGNMENT INFORMATION Points Possible Due Date

ASSIGNMENT INFORMATION Points Possible Due Date Thursday, April 21, 2022 11:59 PM 10 Following the example in the slides, given the following information: The annual demand of D = 7,200 units The cost of setup of CS = $50 The cost of holding Ch = $2 per unit A lead time for ordering of 6 days A production usage rate of U = 20 per day Solve for the following 4 pieces of information: What is the EOQ? What is the optimal number of orders per year? What is the total annual inventory cost? What is the reorder point (ROP)

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