Question: Finding EOQ-Example 1 Suppose that you are reviewing the inventory policies on an $80 item stocked at a hardware store. The current policy is to

Finding EOQ-Example 1 Suppose that you are reviewing the inventory policies on an $80 item stocked at a hardware store. The current policy is to replenish inventory by ordering in lots of 360 units. Additional information is D-60 units per week, or 3,120 units per year S$30 per order H=25% of selling price, or $20 per unit per year A What is the EOQ? B. What is the total annual cost of the current policy (Q=360), and how does it compare with the cost with using the EOQ? C. What is the time between orders (TBO) for the current policy and the EOQ policy, expressed in weeks

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