Question: Part 3 : Economic Order Quantity ( EOQ ) Analysis leaders need to determine the optimal economic order quantity ( EOQ ) for Star Light

Part 3: Economic Order Quantity (EOQ) Analysis leaders need to determine the optimal economic order quantity (EOQ) for "Star Light" energy units. The following information is provided:
Daily usage per suit: 36 Star Light units
Cost per order: 10,000 credits
Holding cost per unit per year: 100 credits
Three price levels for Star Light units:
0,1,000,000 credits for 360 Star Light units
900,000 credits for 720 Star Light units
800,000 credits for 1,080 Star Light units
Question 3:
Using the predicted number of Iron Man suits required for 2400 obtained in Part 2, calculate the annual demand for Star Light units.
a. Determine the EOQ without considering quantity discounts.
b. Incorporate the quantity discount information and determine the optimal order quantity that minimizes the total cost.
c. Provide recommendations on the best purchasing strategy for the Star Light units to ensure cost-effectiveness and operational efficiency:
 Part 3: Economic Order Quantity (EOQ) Analysis leaders need to determine

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