Assume you have a product with the following parameters:

Demand $=3,600$units per year; Holding cost per year $=$ $$0\mathrm{.}5$ per unit; Ordering cost $=$ $$50$ per order

What is the EOQ?

Given the data from Problem $1,$ and assuming a $300-$day work year; how many orders should be processed per year? What is the expected time between orders?

What is the total cost for the inventory policy used in Problem $1?$