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A product has a demand of 12,000 units per year. Ordering cost is RO 50, and holding cost is RO 4 per unit per year.

A product has a demand of 12,000 units per year. Ordering cost is RO 50, and holding cost is RO 4 per unit per year. The EOQ model is appropriate. The cost-minimizing solution for this product will cost total annual inventory (holding and setup) costs. Round-up to the nearest integer Select one: a. None is correct b. 2000 c. 1200 Od. 2191 De. 800 per year in

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