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Help me please
A company needs to import programming devices for numerically controlled machines it produces and services. The necessary arrangements for import include considerable paperwork and managerial time which together have been estimated to cost the company S175 per order. Each item is bought at a cost of $50 and is not subject to discount. The cost of holding each item is made up of a storage charge of $2 and a capital charge of 12% per annum of the value of stock. Demand is for 700 programming devices per year. (a) Determine the economic order quantity and the frequency of ordering. (b) Determine the total cost of the ordering policy. (c) If the lead time is one month and demand can be assumed constant, what should the reorder level be?
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