? D = Annual Demand = 2,500 units per year S = Setup Cost = $18 per order H = Holding Cost = $9 per unit per year

Given the following information, what is the economic order quantity

What is the value of the average inventory

If the number of days the company operates per year is 250, and lead time is 3 days, then at what point should an order be placed?

How many orders would be placed per year?

If each unit costs $10.80 to purchase, what would the annual cost to purchase this item?

What is the annual carrying cost

What is the annual total cost

Recall that the number of days the company operates per year is 250 and lead-time is 3 days. If the standard deviation of demand is 3 and you decided you wanted a 98.3% probability of not stocking out of inventory, what would be your reorder point?