What are the annual ordering​ costs? 

​$enter your response here 

​(round *your response to the nearest whole*​ number).

To calculate the annual ordering costs, we use the following formula:

### Annual Ordering Cost Formula:
\[ \text{Annual Ordering Cost} = \frac{D}{EOQ} \times S \]

### Given Data:
- Yearly demand (D) = 15,500 units
- Order cost (S) = $73
- EOQ = 321 units

### Plugging in the values:
\[ \text{Annual Ordering Cost} = \frac{15,500}{321} \times 73 \]

### Calculation:
\[ \text{Annual Ordering Cost} = 48.29 \times 73 \]

\[ \text{Annual Ordering Cost} \approx 3525 \]

Therefore, the annual ordering cost is $ \boxed{3525} $ dollars.

Do you want details or have any questions?

Here are five related questions to expand your understanding:
1. How do changes in the order cost (S) affect the total inventory cost?
2. What would be the impact on annual ordering costs if the yearly demand increases?
3. How do you determine the optimal order quantity in a multi-product inventory system?
4. Can the EOQ model be applied to non-constant demand situations? How?
5. How does the frequency of orders influence the holding and ordering costs?

**Tip:** Regularly reviewing and adjusting your EOQ calculation is crucial, especially when there are significant changes in demand, holding costs, or ordering costs. This helps maintain cost efficiency in inventory management.

Learn how to calculate annual ordering costs using the EOQ formula with a detailed example. Understand the relationship between annual demand, order quantity, and ordering costs in inventory management. Example calculation: Annual Ordering Cost = (15,500 / 321) * $73 = $3,525.

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