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45 Problem 2: A firm has 1,000 A items (which it counts every week, i.e., 5 days), 4,000 B items (counted every 40 days), and 8,000 "C" items (counted every 100 days). How many items should be counted per day? Problem 3: Assume you have a product with the following parameters: Demand = 360 Holding cost per year = $1.00 per unit Order cost: = $100 per order What is the EOQ? Problem 4: Given the data from Problem 3, and assuming a 300-day work year; how many orders should be processed per year? What is the expected time between orders? Problem 5: What is the total cost for the inventory policy used in Problem 3? Problem 6: Assume that the demand was actually higher than estimated (i.e., 500 units instead of 360 units). What will be the actual annual total cost? Problem 7: If demand for an item is 3 units per day, and delivery lead-time is 15 days, what should we use for a re-order point