""Quarter inch stainless steel bolts one and half inches long are consumed in factory at a fairly steady rate of 60 per week. The bolts cost the plant 2 cents each .it costs the plant $12 to initiate an order and holding cost are based on an annual interest rate of 25percent
a) determine the optimal number of bolts for the plant to purchase and the time between the placement orders
b) what Is the yearly holding and setup cost
c) suppose instead of smallbolt we are talking about bulky item like packing material what problem might there be with our analysis?