Question: Hello Please quickly answer all questions with explanations with graph/tables/diagrams. Thank you! Question B: Jimmy Production workshop uses 2,500 brackets during the course of a

Hello Please quickly answer all questions with explanations with graph/tables/diagrams. Thank you!

Question B: Jimmy Production workshop 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: Annual Demand: 2,500 Holding cost per bracket per $1.50 year: Order cost per order: $18.75 Lead time: 2 days 250 Working days per year: 1. Given the information, what would be the economic order quantity (EOQ)? (2 marks) II. Given the EOQ, what would be the average inventory? What would be the annual inventory holding cost? (2 marks) III. Given the EOQ, how many orders would be made each year? What would be the annual order cost? (2 marks) IV. Given the EOQ, what is the total annual cost of managing the inventory? (2 marks) V. What is the reorder point (ROP)? (2 marks)

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