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One of the most critical stock items at the Milwaukee Bucks Team Shop is the Giannis Antetokounmpo jersey. Therefore, the Team Shop uses an EOQ

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One of the most critical stock items at the Milwaukee Bucks Team Shop is the Giannis Antetokounmpo jersey. Therefore, the Team Shop uses an EOQ model to manage the inventory of Antetokounmpo jerseys. The cost of the jersey from the supplier is $50 each and the Team Shop uses a 25% of cost factor to determine annual holding cost of one jersey. The company sells on average 16.4 Antetokounmpo jerseys per day. Each order that is placed with the supplier costs $500 and the Team Shop needs to allow 10 days for the order to arrive. Assume the Team Shop is open 365 days per year. a) The next order should be placed when inventory drops to how many jerseys? (2 points) b) What is the economic order quantity? (2 points) c) What is the total holding cost for the year? (2 points) d) What is the total ordering cost for the year? (2 points) e) On average, how many orders of Antetokounmpo jerseys will be placed each year? (you can leave this as a decimal) (2 points)

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