Question: Question (4): Answer the following problem: ( 10 marks) Find the Economic Order Quantity (EOQ) and the reorder point, given the following information: Annual Demand

Question (4): Answer the following problem: ( 10

Question (4): Answer the following problem: ( 10 marks) Find the Economic Order Quantity (EOQ) and the reorder point, given the following information: Annual Demand = 20 000 units. Ordering cost = 1505 per order. Annual holding cost = $ 12 per unit. Lead time = 10 days. The company operates 250 days /year. Daily demand = 40 units/day

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