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The hedge Corporation manufacture sonlyone product:planks

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The hedge Corporation manufacture sonlyone product:planks.The single raw material
used in making planks is the dint. For each plank manufactured,12dints are required.Assume that the
company manufactures 150,000planks per year,that demand for planks is perfectly steady
through out the year,that it costs$200 each time dints are ordered, and that carrying costs are$8per
dint peryear.

a.Determine the economic order quantity of dints.

b.What are to talinventory costs for Hedge(totalcarryingcostsplustotalorderingcosts)?

c.How many times per year would inventory be ordered?