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Jordin Henry's machine shop uses 2 , 5 3 0 brackets during the course of a year. These brackets are purchased from a supplier 9
Jordin Henry's machine shop uses brackets during the course of a year. These brackets are purchased from a supplier miles away. The following information is known about the brackets:
Annual demand
Holding cost per bracket per year
$
Order cost per order
$
Lead time
days
Working days per year
Part
a
What is the EOQ? units round your response to two decimal places
Part
b
What is the average inventory if the EOQ is used? units round your response to two decimal places
What would be the annual inventory holding cost$round your response to two decimal places
Part
c
Given the EOQ, how many orders will be made annually? enter your response here orders round your response to two decimal places
What would be the annual order cost$enter your response here round your response to two decimal places
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