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Hamid Company consumes inventory of 100,000 units of components per year . The carrying cost per unit is RO 3.50. The fixed order cost is

Hamid Company consumes inventory of 100,000 units of components per year . The carrying cost per unit is RO 3.50. The fixed order cost is RO 20 per order. The production planning is 365-day year . The delivery time is three days. aCalculate and interpret the Economic Order Quantity ( ).( 2 pts ) b. At what inventory level should Hamid Company place another order. Interpret.(2 pts )

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