Question: Exercise 8 : Demand for a certain product is 2 5 , 0 0 0 units / year . Holding cost per piece is $

Exercise 8: Demand for a certain product is 25,000 units/year. Holding cost per piece is $3. Change-over (set-up) time between products is 10 hours, and downtime cost during change-over is $150? hour.
a) Determine the EOQ,
b) Calculate the ordering, holding, and total inventory costs,
c) How many orders will be placed each year?
d) How much time will elapse between the placements of orders? Assume 360 days per year.
 Exercise 8: Demand for a certain product is 25,000 units/year. Holding

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