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Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central Inventory operation Thomas's fastest-moving Inventory item has

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Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central Inventory operation Thomas's fastest-moving Inventory item has a demand of 5,800 units per year. The cost of each unit is $104, and the inventory carrying cost is $11 per unit per year. The average ordering cost is $31 per order. It takes about 5 days for an order to arrive, and the demand for 1 week is 116 units (This is a corporate operation, and there are 250 working days per year) a) What is the E007 units (round your response to two decimal places) b) What is the average inventory in the EOQ is used units (round your response to two decimal places). c) What is the optimal number of orders per year orders (round your response to two decimal places) d) What is the optimal number of days in between any two order?days (round your response to two decimal places) c) What is the annual cost of ordering and holding inventory $. $ per year (round your response to two decimal places). What is the total annual inventory cost, including the cost of the 5,800 units? | per year round your response to two decimal places)

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