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The sales of Vintage company is 80,000 units per year. The percentage of storage is 20 percent of inventory value. The purchase price is RM20

The sales of Vintage company is 80,000 units per year. The percentage of storage is 20 percent of inventory value. The purchase price is RM20 per unit and the ordering cost of each order is RM1,000. Lead time is 2 weeks. Assume that there are 52 weeks in your calculation. Calculate: (a) EOQ (4 marks) (b) Total Carrying Cost (5 marks) (c) Total Ordering Cost (4 marks) (d) Total Inventory Cost (4 marks) (e) Reorder point (4 marks) (f) How many placements of order per year? (4 marks)

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