(a) Joe Henrys machine shop uses 2,500 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following informstion is known about the brackets: [6 marks] Annual dentand: 2.500 Hoiding cost per bracket per year: \$1.50 Order cost per order: \$18.75 Lead time: 2 days Working days per year: 250 1) What is the EOO? in What is the average inveriony if the EOO is used? What would be the annual inventory holding cost? iij) What is the opimal number of orders per year? What would be the annual order cost? Wh What is the lotal annual cost of managing the inventony? v) What is the optimal number of days in between any two orders? 6) What is the reorder point (Rop)? (B) Withur Meiners is the production manager of Wheet- Pile, a small producer of metal parts. Wheel- Rite supplies Cal-Tex, a larger assembly company, whe 10,000 wheel bearings cach year. This order has been stable for some time. Sefup cost for Wheel-Rite is $40, and holding cost is $60 per whest bearing per year. Whethfite can produce 500 wheel bearings per day. CaL-Tex is a just-in-time manufacturer and requires that 50 bealings be shipsed to it each business day. 14 marke) in Vhat is the opirmum production quantit? i) What is the marimum number of wheei beanings that will be in inventory at Whect-pite? Wh What is the iclal coni for wheetprie