Question: Joe Henry's machine shop uses 2,500 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following

Joe Henry's machine shop 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: a. Given the above information, what would be the economic order quantity (EOQ) ? b. Given the EOQ, what would be the average inventory? What would be the annual inventory holding cost? \$ c. Given the EOQ, how many orders would be made each year? d. Given the EOQ. what is the total annual cost of managing the inventory? \$ e. What is the time between orders? days f. What is the reorder point (ROP)

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