Our facility uses $2500$ of an item over a year. This item is purchased from a supplier $110$ kms away. The following is known about the item

Holding cost of the item is: $$1\mathrm{.}50$

Order cost: $$18\mathrm{.}75$

Lead time is: $2$ days

Working days per year is $250$

Question $1$:

Given the information above what would be the economic order quantity $($EOQ$)?$

Question $2$:

From part a$,$ what would be the average inventory? What would be the annual inventory holding costs?

Question $3$:

From part a$,$ how many orders would be made each year? What would be the annual order cost?

Question $4$:

What is the time between orders?

Question $5$:

What is the simple reorder point $($ROP$)?$