Question: c . How many gallons should Joe order from his supplier with each order to minimize the sum of the ordering and holding costs? Number
c How many gallons should Joe order from his supplier with each order to minimize the sum of the ordering and holding costs?
Number of gallons
d Suppose Joe orders gallons each time he places an order with the supplier. What is the sum of the ordering and holding costs per gallon?
Note: Round your answer to decimal places.
Costs
$
per gallon
e Suppose Joe orders the quantity from part c that minimizes the sum ond ordering and holding costs each time he places an order with the supplier. What is the annual cost of the EOQ expressed as a percentage of the annual purchase cost?
Note: Round your answer to decimal places.
Costs
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