You are given the following information about item A123:

Semi-annual Demand (D)= 5,000 per year , ordering /Set up cost (S)= $16 per order Holding cost

(H)= $2 .00 per year.

a. Calculate the Economic Order Quantity

EOQ=?

b. Using EOQ amount, calculate total annual ordering cost (TC)

Number of orders per year, N = ?

(ii) Total Cost (TC) = ?

c. If there are 250 working days in a year, then

(i) Calculate daily demand (d) =