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how to solve this squestion? Part 2 a) What is the EOQ? units (round your response to two decimal places). Part 3 b) What is

how to solve this squestion?

Part 2 a) What is the EOQ? units (round your response to two decimal places).

Part 3 b) What is the average inventory if the EOQ is used? units (round your response to two decimal places).

Part 4 c) What is the optimal number of orders per year? orders (round your response to two decimal places).

Part 5 d) What is the optimal number of days in between any two orders? days (round your response to two decimal places).

Part 6 e) What is the annual cost of ordering and holding inventory? $ enter your response here per year (round your response to two decimal places).

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Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas's fastest-moving inventory item has a demand of 5,800 units per year. The cost of each unit is $96, and the inventory carrying cost is $11 per unit per year. The average ordering cost is $31 per order. it takes about 5 days for an order to arrive, and the demand for 1 week is 116 units. (This is a corporate operation, and there are 250 working days per year). a) What is the EOQ? units (round your response to two decimal places)

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