[All Steps] Ross White’s machine shop uses 2,500 brackets during the course of a year, and this usage is relatively constant throughout the year. These brackets
Question: Ross White’s machine shop uses 2,500 brackets during the course of a year, and this usage is relatively constant throughout the year. These brackets are purchased from a supplier 100 miles away for $19 each, and the lead time is 4 days. The holding cost per bracket per year is 10% of the unit cost and the ordering cost per order is $25. There are 250 working days per year.
- What is the EOQ?
- Given the EOQ, what is the average inventory?
- What is the annual inventory holding cost?
- In minimizing cost, how many orders would be made each year?
- What would be the annual ordering cost?
- Given the EOQ, what is the total annual inventory cost (including purchase cost)?
- What is the time between orders?
- What is the ROP?
Deliverable: Word Document 
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