x= 3 Y=1

Quantitative questions - You must answer EXACTLY 1 quantitative questions. Using the data below, find the EOQ, Reorder Point and the total cost associated with the economic order quantity. In addition: 1. If Y is even -if you ordered a quantity (Q) that was 20% more than the optimal, would the holding cost be higher or lower? (no calculation needed, simply say "higher" or "lower") 2. If Y is odd - if you ordered a quantity (Q) that was 20% less than the optimal, would the holding cost be higher or lower? (no calculation needed, simply say "higher" or "lower") Annual Demand 18,000 units and constant Weeks operating 52 Ordering Cost $80 Holding Cost $4/unit/year Lead time 1 week Item Cost $20