Question: Please use data and information to answer question #9. 7. Given the following information, calculate the EOQ: a. Annual demand =2,000,000 b. Cost or ordering

Please use data and information to answer question #9.

7. Given the following information, calculate the EOQ: a. Annual demand =2,000,000 b. Cost or ordering =$52 c. Carrying costs =45% d. Item cost =525 EOQ=((2)2,000,00052)/(0.45525)EOQ=938.3104938units 8. Using the information in \#7 what is the number of annual orders? Number of annual orders =D/EOQ=2,000,000/938 Number of annual orders= 2132.2 or 2132 orders 9. If the company in \#8 uses exponential smoothing (smoothing factor = .6) and the forecast for the year is the figure they use for EOQ calculations, calculate the EOQ using the following information: a. The cost of ordering and carrying cost % are the same as #7 b. Starting with 2020 , Forecast the 2022 demand using exponential smoothing and then use that forecast as the annual demand to calculate the EO

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