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Joe Henry's machine shop uses 2 comma 520 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: Annual demand 2 comma 520 Holding cost per bracket per year $ 1.65 Order cost per order $ 19.50 Lead time 2 days Working days per year 250 a) What is the? EOQ? nothing units ?(round your response to two decimal? places). ?b) What is the average inventory if the EOQ is used? nothing units ?(round your response to two decimal? places). What would be the annual inventory holding? cost $nothing ?(round your response to two decimal places). c) Given the? EOQ, how many orders will be made annually? nothing orders ?(round your response to two decimal? places). What would be the annual order? cost $nothing ?(round your response to two decimal? places). d) Given the EOQ, what is the total annual cost of managing? (ordering and holding) the inventory $nothing ?(round your response to two decimal places). e) What is the time between? orders? nothing days ?(round your response to two decimal places). f) What is the reorder point (ROP)? nothing units ?(round your response to two decimal? places)
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