Math Problem Solver

The university is having its workshop at Migori campus where most of the maintenance job is spare parts is concerned about the stock level of these parts. He feels that the level is too low. Currently the workshop orders these parts at cost of ksh 40 a unit in batches of 200 units. The workshop operates for 250 days in a year and for each day there is a demand for 100 units of these parts. Ordering cost per batch is ksh 25 while the inventory carrying cost is 12/=. Required:Calculate the economic order quantity (5marks)The time between orders (5marks)The number of orders per year Calculate the economic order quantity (5marks)The time between orders (5marks)The number of orders per year