Question: The current order quantity for Electric power bars is 100 bars theorder cost is $10.00 per order, the holding cost is $.25 per bar per

The current order quantity for Electric power bars is 100 bars theorder cost is $10.00 per order, the holding cost is $.25 per bar per year, and the annual demand is 2000 bars per year

1. Calculate the annual holding cost plus the annual ordering cost to get the total annual cost when using an order qua title of 100 bars.

2 calculate the EOQ and the total annual cost for this order quantity.

3. Howamany orders per year are necessary whenQ =100? How many orders per year are necessary for the EOQ in part b.

Graph the annual Inventory cost using ?SEXEL. Show the holding cost, ordering cost, and total inventory cost as a function of order size.

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