Question: Please help me answer this in a step by step solution. Thank you so much. FIXED - ORDER QUANTITY MODEL 1. Given the following data:

Please help me answer this in a step by step

Please help me answer this in a step by step solution. Thank you so much.

FIXED - ORDER QUANTITY MODEL 1. Given the following data: Annual demand, D = 1,000 units Ordering cost, S = 200 per order Holding cost, H = R50 per unit per year Lead time, L = 5 days Cost per unit, C = = 500 a. Find the EOQ. b. Find the reorder point. C. What would be your ordering policy for this item? d. Find the total annual inventory cost

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