Question: SOLVE 1. SaveMart needs 1000 coffee makers per year. Ordering cost is $100 per order. Carrying cost is $31. SaveMart is open 365 days/yr.

SOLVE 1. SaveMart needs 1000 coffee makers per year. Ordering cost is $100 per order. Carrying cost is $31. SaveMart is open 365 days/yr. What is the optimal order quantity (EOQ)? " How many times per year does the store reorder? What is the length of an order cycle? What is the total annual cost if the EOQ is ordered?

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