Question: please sove question usuing the same data throughout Calculations: Use the following information to answer questions 1-5 (4 points each). Assume you are managing inventory

please sove question usuing the same data throughout

Calculations: Use the following information to answer questions 1-5 (4 points each). Assume you are managing inventory a specific product line. You have the following estimations for the year: Annual Demand is 10,000 units The selling price of each unit is $50 The holding cost is $18 per unit per year The ordering cost is $1000 The estimated stockout cost is $20 per unit . 1) What is the EOQ for the product line? 2) Based on the answers above, how many orders are placed each year? 3) Based on the answers above, how many days take place between each order (365 days in a year)? 4) Based on the answers above, what are average inventories for the year? s) Based on the answers above, what are the total costs of the EOQ model for the year

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