Question: JoeFit, Inc. is using the basic FOQ model to manage its inventory for K 2 microprocessors. The setup cost per order is $ 2 0

JoeFit, Inc. is using the basic FOQ model to manage its inventory for K

2

microprocessors. The setup cost per order is $

200

and the inventory carrying cost is $

0.05

per chip per year. Suppose the company is placing the optimal order quantity in each order and the resulting combined annual setup plus carrying costs are $

32, 000 .

What is the annual demand of the K

2

microprocessors?

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