Question: Annual demand for Laker Jerseys are 5,560 with standard deviation of demand of 1853. Lead times are 0.05 years with standard deviation of lead times

Annual demand for Laker Jerseys are 5,560 with standard deviation of demand of 1853. Lead times are 0.05 years with standard deviation of lead times of 0. Inventory holding cost is $4.35 per jersey and ordering costs are $23.15. Service level is 80%.

What is the EOQ?

204

256

172

243

What is the total ordering costs?

$2575.14

$3383.84

$2077.36

$7906.33

What is the reorder point?

512

809

627

1838

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