Simkin's Hardware Store simulated an inventory ordering policy for Ace Electric drills. that involved an order quantity of 10 drills with a reorder point of 5. Please see the table which illustrates this:

Day	Units Received	Beginning Inventory	Random Number	Demand	Ending Inventory	Lost Sales	Orders	Random Number	Lead Time
1	N/A	10	06	1	9	0
2	0	9	63	3	6	0	YES	02	1
3	0	6	57	3	3	0
4	0	3	94	5	0	2
5	10	10	52	3	7	0
6	0	7	69	3	4	0	YES	33	2
7	0	4	32	2	2	0
8	0	2	30	2	0	0
9	10	10	48	3	7	0
10	0	7	88	4	3	0	YES	14	1

The total daily inventory cost for the above came to $4.72.

SIMKIN HARDWARE would now like to compare this strategy to one in which he orders 12 drills, with a reorder point of 6. Conduct and 10-day simulation and discuss the cost impliactions.

Please determine the following:

Daily Order cost

Daily holding cost

Daily stockout cost

And TOTAL DAILY INVENTORY COST.

Here is the table for the random numbes. PLEASE USE THE SECOND COLUMN TO THE LEFT, WHICH BEGINS WITH "06."

Thank you!

n ist column. 52 06 50 37 63 82 57 68 05 69 02 36 98 94 90 36 96 5262 33 69 27 21 50 33 50 88 32 18 50 62 57 34 56 62 31 15 40 90 34 51 95 90 30 50 48 61 18 85 23 08 54 17 12 80 69 24 84 92 16 49 27 88 21 62 69 64 48 31 12 73 02 68 00 16 16 46 13 45 14 46 32 13 49 66 62 74 41 86 98 92 98 84 54 33 81 02 01 78 82 74 97 37 45 31 94 99 42 49 27 64 89 66 83 14 74 27 76 03 33 11 97 59 81 72 00 64 61 13 74 05 81 82 93 09 96 33 52 78 13 06 30 34 87 01 74 11 46 82 59 94 25 34 32 23 17 59 55 72 33 62 13 74 68 22 44 42 09 32 46 71 79 45 67 09 80 98 99 25 77 50 03 32 36 63 65 75 94 19 95 60 77 46 63 71 69 44 22 03 85 14 48 69 13 30 50 33 60 08 19 29 36 72 53 30 10 47 99 37 66 91 35 32 00 84 57 24 03 29 60 74 85 90 73 59 55 17 28 05 94 03 11 27 79 90 87 92 41 09 256 49 71 99 32 10 75 21 95 90 94 38 97 7 2 367 89 85 29 21 25 73 69 34 85 71 72 90 57 01 98 57 31 11 60 95 89 68 48 17 89 34 09 93 50 44 95 13 4434 62 64 39 55 29 30 6449 44 30 28 02 74 35 6 06 78 87 49 56 59 23 78 36 24 69 82 51 74 30 35 36 85 01 55 92 64 09 28 30 94 23 37 01 58 60 08 19 29 36 72 30 27 50 64 85 72 80 45 86 99 02 34 87 08 86 84 49 76 24 53 84 49 63 26 65 72 84 8563 26 02 75 26 59 84 12 94 51 36 17 02 15 29 16 52 56 43 26 2 7 77 13 10 02 18 319 32 85 31 94 81 43 31 5 92 62 40 , 100 000 Normal Deviates (New York: The Free Press, 1955