The purchasing manager for a local Target store is responsible for making inventory

decisions. The demand of Ziploc Sandwich bag is $6,000$ boxes per year. The inventory

holding cost is $$10$ per box per year. The average ordering cost is $$30$ per order. It takes

about $5$ days for an order to arrive. The store opens $360$ days per year.

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

$($b$)$ What is the average inventory if the EOQ is used?

$($c$)$ What is the optimal number of orders per year?

$($d$)$ What is the optimal number of days between any two orders?

$($e$)$ What is the annual cost of ordering and holding inventory?

$($f$)$ What is the reorder point?

$6$