Question: In the basic EOQ model, if Demand is 3000 per month, Fixed cost is $200 per order, unit cost is $50, and holding cost per

In the basic EOQ model, if Demand is 3000 per month, Fixed cost is $200 per order, unit cost is $50, and holding cost per year as a fraction of unit cost is 5%.

Reconsider the Q3, what is the optimal ordering frequency?

Q5. (5 pts.) Reconsider the Q3, what is the cycle time in months?

Q6. (5 pts.) Reconsider the Q3, what is the annual fixed cost?

Q7. (5 pts.) Reconsider the Q3, what is the annual holding cost?

Q8. (5 pts.) Reconsider the Q3, what is the total annual inventory cost?

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