Joe Henry’s machine shop uses 2,500 brackets during the course of a year. These brackets are purchas
Question: Joe Henry’s machine shop uses 2,500 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 2,500
Holding cost per bracket per year $1.50
Order cost per order $18.75
Lead time 2 days
Working days per year 250
a) Given the above information, what would be the economic order quantity (EOQ)?
b) Given the EOQ, what is the total annual inventory cost?
c) What is the time between orders?
Price: $2.99
Answer: The solution consists of 2 pages
Deliverables: Word Document
Deliverables: Word Document
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