Discuss the below:
East value Distributors distributes industrial valves and control devices. The Eastern Valve Co. Has an annual demand of 20000 units and cost of $90 per unit. The cost of ordering is $100 per order and inventory-carrying cost is estimated to be 5 percent of the cost of each value. Lead-time is four working days. Determine(assuming 250 working days): The economic order quantity, the reorder point, the optimal number of orders per year, the optimal number of days between any two orders.