Question: Please do not use excel to answer b) An office supply store open 5 days a week must determine the best inventory policy for boxes

Please do not use excel to answer
b) An office supply store open 5 days a week must determine the best inventory policy for boxes of copier paper. Weekly demand is nearly constant at 250 boxes and when orders are placed, and entire shipment arrives at once. The cost per box is RM22 and the inventory holding cost is 30%. Orders are placed at a cost of RM40 each; including preparation time and communication charges, and the lead time is 2 days. (3) i. ii. Find the optimal order quantity Calculate the total annual holding and ordering costs associated with your recommended EOQ. What is the reorder point Assume that the demand increase by 20% and the cost per box by 10%, evaluate the new EOQ model. (3) iii. iv. (3)Step by Step Solution
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