Question: how to solve this in steps Basic EOQ example The soft goods department of a large department store sells 175 units per month of a

how to solve this in steps
how to solve this in steps Basic EOQ example The soft goods

Basic EOQ example The soft goods department of a large department store sells 175 units per month of a certain large bath towel. The unit cost of a towel to the store is 2.50KWD and the cost of placing an order has been estimated to be 12KWD. The store uses an inventory carrying charge of I=27% per year. Determine (a) the optimal order quantity, (b) the order frequency, and (c) the annual holding and setup cost. If, through automation of the purchasing process, the ordering cost can be cut to 4KWD, what will be (d) the new economic order quantity, (e) the order frequency, and (f) annual holding and setup costs

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