Using the Data Below, Find the EOQ, the Total Annual

Essay

Using the data below, find the EOQ, the total annual cost associated with the economic order quantity, and the reorder point.
$$\begin{array} { l l } \text { Annual Demand: } & \text { 8,000 units } \\\text { Weeks Operating: } & 52 / \text { year } \\\text { Ordering Cost: } & \$ 35 / \text { arder } \\\text { Holding Cost: } & \$ 4 / \text { unityear } \\\text { Lead-Time: } & 3 \text { weeks }\end{array}$$