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Inventory control and planning the camera store sells 960

Question: INVENTORY CONTROL AND PLANNING. The Camera Store sells 960 Yamaha A35 digital cameras per year. Each time an order for cameras is placed with the manufacturer, an ordering cost of $10 is incurred. The store pays $80 for each camera, and the cost for holding a camera (mainly due to the opportunity cost incurred in tying up capital in inventory) is $12/year. Assume that the cameras sell at a uniform rate and no shortages are allowed.

a. What is the EOQ?

b. How many orders will be placed each year?

c. What is the interval between orders?

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Mathematics: Inventory control and planning the camera store sells 960

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