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A manufacturer has a production facility that requires 1 9 , 9 3 1 ?units of component JY 2 1 ?per year. Following a long

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A manufacturer has a production facility that requires 1 9 , 9 3 1 ?units of component JY 2 1 ?per year. Following a long - term contract, the manufacturer purchases component JY 2 1 ?from a supplier with a lead time of 1 5 ?days. The unit purchase cost is $ 1 2 . 2 ?per unit. The cost to place and process an order from the supplier is $ 1 1 8 ?per order. The unit inventory carrying cost per year is 1 9 ?percent of the unit purchase cost. The manufacturer operates 2 5 0 ?days a year. Assume EOQ model is appropriate. What is the optimal number of orders per year?
Use at least 4 ?decimal places.
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