Hoosier Figurines $($HF$)$ sells crystal figurines to Hoosier fans. HF buys the figurines from a

manufacturer for $$10$ per unit. It sends orders electronically to the manufacturer, costing $$20$

per order. HF experiences an average lead time of eight days for each order to arrive. Its

inventory carrying cost is $20\%$ of the product cost. The average daily demand for figurines is two

units per day. HF operates $250$ days per year.

A$)$ How many units will HF order from the manufacturer in each order? You can assume there

is no uncertainty or variability about the demand or lead time.

B$)$ How many orders will HF place each year?

C$)$ What is their average inventory?

D$)$ What are their total inventory costs?

E$)$ What is their reorder point?