$51.$ The reorder point is defined as the demand during the lead

time for the item. In cases of long lead times, the lead$-$time demand

and thus the reorder point may exceed the economic order

quantity, Q$*.$ In such cases the inventory position will not equal the

inventory on hand when an order is placed, and the reorder point

may be expressed in terms of either inventory position or inventory

Day Demand

$152$

$164$

$177$

$183$

$195$

$209$

$213$

$226$

$231$

$249$

$251$

$12\mathrm{.}4$on hand. Consider the EOQ model with D $=5,000,,$

$,$ and $250$ working days per year. Identify the reorder

point in terms of inventory position and in terms of inventory on

hand for each of these lead times.

a$.$ five days

b$.15$ days

c$.25$ days

d$.45$ days