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halian Pizzeria is a popalar pizza restaurant near a college campus: The restaurant is buying and carrying cheese to make a variety of pizzas. Cheese

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halian Pizzeria is a popalar pizza restaurant near a college campus: The restaurant is buying and carrying cheese to make a variety of pizzas. Cheese is ordered in blocks at a purchase price of $50 per block. Annual demand for cheese totals 20,000 blocks. The annual cost of carrying one block of cheese is 10 percent of its purchase price. It costs $20 to place and receive an order. Also it usually takes 2 days to receive an order when placed. The restaurant stays open 5 days a week and operates 50 weeks a year Given these data, compute (1) the EOQ (optimal order size) for cheese, (2) the number of orders to be placed per year (optimal order frequency). (3) total -28. Italia (3) total inventory-related costs, and (4) the reorder point under the EOQ policy. Show your computation clearly for full credit! [12 points

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