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The purchasing agent of the company that sells the valves has found that the annual demand for them is 4 , 0 0 0 units.

The purchasing agent of the company that sells the valves has found that the annual demand for them is 4,000 units. The cost of one valve is 90.00 UAH, and the current storage costs are estimated at 10% of the cost of each valve. The agent studied the costs included in the order of the valves, and concluded that the average cost of the order is 25.00 UAH in order. Moreover, it takes about 5 days for the order to arrive from the supplier.
TASKS:
1. Determine the size of the economic order and calculate the number of orders per year.
2. Calculate the order interval, provided that there will be 200 working days per year, and determine the re-ordering point.
3. Develop a timetable for the delivery of goods from the supplier and approve it documented by an appropriate regulatory act.

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