Question: Problem 2 (EOQ problem) A local distributor for Jefferson tire company expects to sell 9,600 radial tires of a certain size and tread design next

Problem 2 (EOQ problem) A local distributor for Jefferson tire company expects to sell 9,600 radial tires of a certain size and tread design next year. Annual carrying costs are $9 per tire, and ordering cost is $75. The distributor operates 288 days a year. (a) What is the EOQ? ( point) (b) How many times per year does the store reorder? ( point) (c) What is the length of an order cycle? (1 point) (4) What is the total annual cost if the EOQ quantity is ordered? (1 point) (e) If carrying costs were to increase by $1 per year, how much would that affect the minimum total annual cost? (2 points)

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