Question: please find c. Orders per year = A n n u a l d e m a n d Q Joe Henry's machine shop uses

please find c. Orders per year =

Annual demandQ

Joe Henry's machine shop uses 2,530 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 2,530 Holding cost per bracket per year $1.60 Order cost per order $19.25 Lead time 2 days Working days per year 250 a) What is the EOQ? 246.73 units (round your response to two decimal places). 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)

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