Question: Consider the EOQ model with the following information: Ordering cost = $40 per order Inventory-holding cost = $3 per unit per year Weekly demand =

Consider the EOQ model with the following information:

  • Ordering cost = $40 per order
  • Inventory-holding cost = $3 per unit per year
  • Weekly demand = 100 units
  • 52 weeks a year

(a) What is the EOQ? Round your answer to the nearest integer. units

(b) What is the optimal time between orders in weeks? Answer with two decimal places. weeks

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