Beta Precision uses 45,500 nuts and washers during the production of the year in an optimal way using EOQ analysis. These nuts and washers are purchased from a supplier in Kuantan, 48 kilometers away. The information about the order is shown in Table 1. The supplier has now offered Beta Precision a discount of 5% off from the current order cost. Compute the economic order quantity, total annual cost, time between orders and reorder point for the machine shop Annual Demand 45,500 Holding cost per nuts and washers per year RM1.50 Order cost per order RM18.75 Lead time 2 days Working days per year 250 Table 1: Order Information of Beta Precision