Suppose apartments are in four locations: location a, location b, location c, and location
d. location a is in the city, where your job is. location b is 10 minutes farther from your job than location
a. location c is 10 minutes farther from your job than location b, and location d is 10 minutes farther than location
c. in turn, similar apartments in location b rent for $155155 less per month than apartments in location a, apartments in location c rent for $155155 less than in location b, and apartments in location d rent for $155155 less than in location
c. suppose the value of your time is $1818 per hour and you work 21 days per month, with each day requiring a round-trip commute from your apartment to work.

Thomas kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. thomas's fastest-moving inventory item has a demand of 6,000 units per year. the cost of each unit is $100, and the inventory carrying cost is $10 per unit per year. the average ordering cost is $30 per order. it takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (this is a corporate operation, and the are 250 working days per year.)a) what is the eoq? b) what is the average inventory if the eoq is used? c) what is the optimal number of orders per year? d) what is the optimal number of days in between any two orders? e) what is the annual cost of ordering and holding inventory? f) what is the total annual inventory cost, including cost of the 6,000 units?