Barry's hardware store carries 20 different types of ladders. Some are used for industrial purposes and are quite expensive. Others, intended for household use only, are very inexpensive. Barry has given each ladder an item number. The following table shows each ladder by item number, the demand in units for the year, and the average selling price for each ladder. Ordering cost is estimated to be $100 per order, and carrying cost is expected to be 7.5% of the selling price per year. Stockout cost is expected to be 200% of the price of the ladder, which includes the loss of current and future sales. What inventory policies do you recommend for the different types of ladders?

ITEM NUMBER	DEMAND	PRICE ($)
1	3200	45
2	5543	23
3	123	200
4	556	300
5	230	10
6	5600	400
7	450	30
8	5400	200
9	3456	50
10	456	100
11	500	400
12	600	250
13	34	100
14	450	20
15	60	145
16	230	60
17	1000	100
18	345	400
19	2000	10
20	5600	20