EOQ analysisTiger Corporation purchases 1,360,00 units per year of one component. The fixed cost per order is $58. The annual carrying cost of the item is 26.9% of its $10.41 cost. a.

Determine the EOQ if (1) the conditions stated above hold, (2) the order cost is $1.00 rather than $58, and (3) the order cost is $58 but the carrying cost is $0.01 b.What do your answers illustrate about the EOQ model? Explain.

. (1) If there are no changes in the costs, the EOQ is __ units.(Round to the nearest integer. For infinity, input INF)

Part 2

(2) If the fixed cost per order is $0, the EOQ is ___ units (Round to the nearest integer. For infinity, input INF)

Part 3

(3) If the annual carrying cost of the item is $0.01 the EOQ is ____ units enter your response here

units.(Round to the nearest integer. For infinity, input INF)

Part 4

b.Is the following statement about the EOQ model true or false?

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