The Warren W.Fisher Computer Corporation purchases 8000 transistors per year. The unit cost of each transistor is $12, and the cost of carrying one transistor in inventory for a year is $2, ordering cost is $30 per order. Assume that Fisher operates on a 200-day working year
a) What is the optimal order quantity?
b) The expected numbers of orders placed each year?
c) What is the average inventory if the EOQ used?
d) The expected time between orders?
e) What is the annual cost of ordering and holding inventory?