A grocery store replenishes its inventory of cook cookies using EOQ model. demand for the cookie is constant, at 100 packs per week. each pack of cookies cost $20. The annual holding cost is 20% of the cost of purchase. The fixed cost of placing an order is $100. Assume there are 50 weeks a year.
1) EOQ=
Suppose the manager use EOQ as the order size, answer the following questions.
2) The annual holding cost=
3) The total ordering costs per year=
4) The time between two orders= __________weeks