Joe Henry's machine shop uses

2,540

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:

Annual demand	2,540
Holding cost per bracket per year	$1.45
Order cost per order	$18.25
Lead time	2 days
Working days per year	250

Part 2

a)	What is the EOQ? units (round your response to two decimal places).

Part 3

b)	What is the average inventory if the EOQ is used? units (round your response to two decimal places).
	What would be the annual inventory holding cost? $ (round your response to two decimal places).

Part 4

c)	Given the EOQ, how many orders will be made annually? orders (round your response to two decimal places).
	What would be the annual order cost? $ (round your response to two decimal places).

Part 5

d)	Given the EOQ, what is the total annual cost of managing (ordering and holding) the inventory? $ (round your response to two decimal places).

Part 6

e)	What is the time between orders? days (round your response to two decimal places).

Part 7

f)	What is the reorder point (ROP)? units (round your response to two decimal places).