Optimizing Grocery Inventory: Mathematical Solutions for Cost$-$Effective Stock Management

A grocery store chain relies on canned tomatoes to satisfy customer demand, especially during holiday seasons. Calculating the Economic Order Quantity $($EOQ$)$ and reorder point ensures cost minimization and stock availability. This question set tasks students with determining the optimal order size and restocking threshold, critical for avoiding stockouts and reducing costs. These calculations highlight the importance of inventory optimization in retail, enabling efficient operations and customer satisfaction. Operations Management