Question: The sofaworld company purchases upholstery material form Barrett. The company uses 45,000 yards of material per year to make sofas. The cost of ordering material from the textile company is $1500 per order. It costs sofaworld $0.70 per yard annually to hold a yard of material in inventory. Determine the optimal number of yards of material sofaworld should order, the min total inventory cost, the optimal number of orders per year and the optimal time between orders.