Question: Problem 1: (20 points) SEC Company has a demand for 1600 bearings each year. The cost of a bearing is AED 50. The ordering cost

Problem 1: (20 points) SEC Company has a demand for 1600 bearings each year. The cost of a bearing is AED 50. The ordering cost is AED 36 per order and holding cost is 25% of the unit cost of the bearing. 1) What are the economic ordering quantity and the total annual inventory costs (sum of the annual purchasing (CD), annual ordering cost, and annual holding costs)? (10 points)

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