6. Torque Manufacturing forecasts that its production will require 600,000 tons of bauxite over its...
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6. Torque Manufacturing forecasts that its production will require 600,000 tons of bauxite over its planning period (365 days). Demand for Torque's products is stable over time. Ordering costs amount to an average of $15 per order. Holding costs are estimated at $1.25 per ton of bauxite. The EOQ for Torque is _____ tons.
7. Following Question 6, what is the total annual cost of inventory?
8. Following Question 6, if it takes 7 days to receive an order from suppliers, at what inventory level should anther order be replaced?
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