Question: What is the EOQ? ____(2 decimals) What is the average inventory if the EOQ is used?_____ (2 decimals) What is the optimal number of orders

What is the EOQ? ____(2 decimals) What is the
What is the EOQ? ____(2 decimals)
What is the average inventory if the EOQ is used?_____ (2 decimals)
What is the optimal number of orders per year? _____ (2 decimals)
What is the optimal number of days in between any two orders?____ (2 decimals)
What is the annual cost of ordering and holding inventory? ____(2 decimals)
What is the total annual inventory cost, including the cost of 6,100 units? ____(2 decimals)
a Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas's fastest-moving inventory item has a demand of 5,900 units per year. The cost of each unit is $97, and the inventory carrying cost is $8 per unit per year. The average ordering cost is $29 per order. It takes about 5 days for an order to arrive, and the demand for 1 week is 118 units. (This is a corporate operation, and there are 250 working days per year). a) What is the EOQ? units (round your response to two decimal places)

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