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Weekly demand for a French Marble retailer has a mean of 2 5 units. The supplier has a lead time of 8 weeks. The cost

Weekly demand for a French Marble retailer has a mean of 25 units. The supplier has a lead time of 8 weeks. The cost of placing an order to the supplier each time is $50, and annual holding cost for one unit is 10 percent of the Cost of Goods. Each marble slab costs the retailer $2,080. Assume 52 weeks in a year.
Assume there is no variation with a steady demand (Chapter 12).
What is the approximate total annual ordering cost (K x R / Q), if each time we place the optimal order quantity EOQ (Q*)? Assume that you round the EOQ to the nearest whole slab (i.e.33.7=>34 slabs).

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