Question: INVENTORY ( EOQ ) : Dr . Quant's business is really prospering. In fact, the annual demand for his tutorials is up to 1 0

INVENTORY (EOQ): Dr. Quant's business is really prospering. In fact, the annual demand for his tutorials is up to 10,000 per year. Every time he places an order for completed tutorial packets, it costs $16. Storage space is a bit tight and it costs $0.08 per packet in holding cost. It normally takes 5 days for a shipment to arrive after an order is placed. Assuming 250 working days per year, perform an EOQ analysis.

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