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

Thomas Kratzer is the purchasing manager for the headquarters of a

large insurance company chain with a central inventory operation. Thomas's fastest-moving e

Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas's fastest-moving e inventory item has a demand of 5,750 units per year. The cost of each unit is $104, and the inventory carrying cost is $8 per unit per year. The average ordering ca $31 per order. It takes about 5 days for an order to arrive, and the demand for 1 week is 115 units. (This is a corporate operation, and there are 250 working days year). a) What is the EOQ? 211.09 units (round your response to two decimal places). b) What is the average inventory if the EOQ is used?units (round your response to two decimal places)

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