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Joe Herrys machine shop uses 2 5 0 0 brackets during the course of the year, These brackets are purchased from a supplier go miles

Joe Herrys machine shop uses 2500 brackets during the course of the year, These brackets are purchased from a supplier go miles away. The following information is known about the brackets.
Annual demand-4200
Holding cost per bracket per year--$1.50
Order cost per order -$18.75
Lead time 3 days
Working days per year -250
1. what is EOQ
2. What is average inventory if the EOQ is used ? What would be the annual inventory holding cost?
3. What is the optimal number of orders per year? What would be the annual order cost?
4. What is total annual cost of managing inventory ?
5. What are the optimal number of days between any two orders?
6. What is reorder point ?

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