Question: help solve for a,b,c,d using EOQ 1. Annual demand of coffee is 280lbs. 2. Cost of capital is 20%. 3. Order processing cost is $45.00

help solve for a,b,c,d using EOQ

1. Annual demand of coffee is 280lbs. 2. Cost of capital is 20%. 3. Order processing cost is $45.00 4. Coffee is purchased for $2.40/lb. Part 1 (20 points) Determine a) Optimal EOQ for coffee b) Time between orders c) Annual holding cost based on calculated EOQ d) Setup cost based on calculated EO

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