Question: $8.00 10.* High Tech Inc. is a virtual store that stocks a variety of calculators in its warehouse. Customer orders are placed: the orders are

$8.00 10.* High Tech Inc. is a virtual store that stocks a variety of calculators in its warehouse. Customer orders are placed: the orders are picked and packaged; and then orders are shipped to the customers. A fixed-order-quantity inventory control system (FOS) helps monitor and control these SKUs. The following information is for one of the calculators that High Tech stocks, sells, and ships. Average demand 12.5 calculators per week Lead time 3 weeks Order cost $20/order Unit cost Carrying charge rate 0.25 Number of weeks 52 weeks per year Standard deviation of 3.75 calculators weekly demand SKU service level 95 percent Current on-hand inventory 35 calculators Scheduled receipts 20 calculators Backorders 2 calculators a. What are the economic order quantity? b. What are the total annual order and inventory- holding costs for the EOQ? c. What is the reorder point without safety stock? d. What is the reorder point with safety stock? e. Based on the previous information, should a fixed- order quantity be placed, and if so, for how many calculators

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