The ABC Stationary Company purchases paper from the Seaboard Paper Company. Wallace produces stationary that require 1,415,000 square metres of stationary per year. The cost per order for the company is $2,200; the cost of holding 1 square metre of paper in inventory is $0.08 per year.

How I can determine the following:

1. Economic order quantity
2. Minimum total annual cost
3. Optimal number of orders per year
4. Optimal time between orders