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Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomass fastest - moving inventory

Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomass fastest-moving inventory item has a demand of 6,100 units per year. I he cost of each unit is $96, 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 122 units. (This is a corporate operation, and there are 250 working days per year).
a) What is the EOQ? 185.42 units (round your response to two decimal places).
b) What is the average inventory if the EOQ is used? 92.71units (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).

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