Question: Chapter 12 , question 13, part b: Joe Henry's machine shop uses 2,500 brackets during the course of a year. These brackets are purchased from

Chapter 12 , question 13, part b: 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: a)Given the above information, what would be the economic order quantity (EOQ)? b) Given the EOQ, what would be the average inventory? What would be the annual inventory holding cost? c) Given the EOQ, how many orders would be made each year? What would be the annual order cost? d) Given the EOQ, what is the total annual cost of managing the inventory? e) What is the time between orders? f) What is the reorder point (ROP)? EOQ is not given so cannot be answered. Average inventory =125 Average inventory =150 Average inventory =225 Average inventory =250

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