Question content area

Part $1$

Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation.$$ Thomas's fastest$-$moving inventory item has a demand of

$5$ comma $7505,750$

units per year. The cost of each unit is

$$$$9797,$

and the inventory carrying cost is

$$$$1111$

per unit per year. The average ordering cost is

$$$$3131$

per order. It takes about

$55$

days for an order to$$ arrive, and the demand for $1$ week is

$115115$

units.$($This is a corporate$$ operation, and there are

$250250$

working days per$$ year$).$

Part $2$

$$a$)$ What is the$$ EOQ?

enter your response here

units $($round your response to two decimal$$ places$).$