The Greens Garden Center sells 90,000 bags of class fertilizer annually. The optimal safety stock (which is on hand initially) is 1,000 bags. Each bag costs the firm $1.50, inventory carrying costs are 20%, and the cost of placing an order with its supplier is $15. a. what is the economic ordering quantity? b. what is the maximum inventory of fertilizer? c. what will be the firm's average inventory? d. how often must the company order
I'll give you a clue. The EOQ is 3000.
If you have a good go at working out parts b and c and publish it on here I'll check it and tell you the answer to d