Consider the below information with the simple Economic Order Quantity

$($EOQ$)$ model:

Annual Demand $($D$)$: $1,500$ units

Ordering Cost $($S$)$: $$100$ per order

Holding Cost per item $($H$)$: $$5$ per year

$($a$)$ Compute the EOQ $(1$ pt$)$

$($b$)$ Compute the Number of Orders per Year and the Annual Ordering Costs $(0\mathrm{.}5$ pt$)$

$($c$)$ Compute the Annual Holding Costs and hence the Total Annual Cost $(0\mathrm{.}5$ pt$)$

$($d$)$ Visualize the relationship between Order Quantity, Ordering Costs, Holding

Costs, and Annual Total Cost $(1$ pt$)$