1. A shop sells 8000 crystal glasses in a year and the sales are relatively constant throughout the year. The glasses are purchased from Italy for RM 40.00 each. The lead time is 2 days. The holding cost per glass per year is RM 3.00 and the ordering cost per order is RM 12.00. There are 250 working days per year. a. What is the Economic Order Quantity (EOQ)? b. What is the average inventory and the annual inventory cost? c. In minimising the cost, how many orders would be made each year? What would be the ordering cost? d. What is the total annual inventory cost (including the purchase cost)? e. What is the duration between orders? f. What is the Re-order Point (ROP)