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15.10. A popular item stocked by the Fair Deal Department Store has an annual demand of 600 units. The cost to purchase these units from the supplier is $20 per unit and $12 to prepare the purchase order. The annual inventory holding cost is 20 percent of the purchase cost. The manager tries to maintain the probability of stockout at 5 percent or less. Lead time demand is uniform, between 30 and 70 (i.e., the probability of lead time is 1/41 = .0244 for demand = 30, 31, ..., 70). = - Review period RP- RP- RP- Target inventory level, TIL Amount of inventory on hand 1 First order quantity, Q. Q Amount used during first lead time Safety stock, SS First lead time, LT LT2 LT3 Time Order 1 placed Order 2 placed Order 3 placed Order 1 received Order 2 received Order 3 received Question 43 (2 points) Listen What is the EOQ? Your Answer: Answer Question 44 (2 points) 5 Listen What is the reorder point? Your Answer: Answer Question 45 (2 points) 5 Listen What is the safety stock? Your Answer: Answer Question 46 (2 points) Listen What is the EOQ for $19? Your Answer: Answer Question 47 (2 points) Listen What is the total cost without taking the quantity discount? Your Answer: Answer Question 48 (2 points) 5 Listen What is the total cost taking the quantity discount? Your Answer: Answer Question 49 (1 point) Listen Taking the quantity discount is cheaper. True False