Using appropriate EOQ model, present a report to the management of retail outlet by determining the EOQ size to be ordered.

Suppose that a pet food has a constant annual demand of 5000 boxes at a retail outlet. The cost of each box is $ 5, ordering cost is $ 15 per order and holding cost is 20% of the value item cost. The retail outlet working days per year is 300 and the lead time is 7 days. The retails outlet wants you to do the followingaspects of the inventory policy: (write the formulae)

a. Economic order quantity. (Round off to the nearest whole number)

b. Total annual cost. (Round off to two decimal places)

c. Daily demand

d. Reorder point

e. Cycle time.

Using appropriate EOQ_model, present a report to the management of retail outlet by determining the EOQ size to be ordered. Suppose that a pet food has a constant annual demand of 5000 boxes at a retail outlet. The cost of each box is $ 5, ordering cost is $ 15 per order and holding cost is 20% of the value item cost. The retail outlet working days per year is 300 and the lead time is 7 days. The retails outlet wants you to do the following aspects of the inventory policy: (write the formulae) a. Economic order quantity. (Round off to the nearest whole number) b. Total annual cost. (Round off to two decimal places) c. Daily demand d. Reorder point c. Cycle time. e