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A hardware shop sells 3000 brackets in a year and sales is relatively constant throughout the year. These brackets are purchased from a supplier for
A hardware shop sells 3000 brackets in a year and sales is relatively constant throughout the year. These brackets are purchased from a supplier for $ 18 each, and the lead time is Three days. The holding cost per bracket per year is 15% of the unit cost and the ordering cost per order is $ 25. There are 300 working days per year. 1- What is the EOQ? 2- Given the EOQ, What is the average inventory? What is the annual inventory cost?3- In minimizing the cost, how many orders would be made each year? What would be the annual ordering cost?4- Given the EOQ, what is the total annual inventory cost (including purchase cost)? 5- What is the time * ?between orders? 6-What is ROP
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