Chapter 12, question 13, part e: Joe Henrys 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)?

Annual demand:	2,500
Holding cost per bracket per year:	$1.50
Order cost per order:	$18.75
Lead time:	2 days
Working days per year:	250

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)?

Group of answer choices

time between orders = 25

time between orders = 15.5

time between orders = 35

time between orders = 12.5

EOQ is not given so cannot be answered.