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Question 1 ( 3 points) Total logistics cost are lowest when Holding costs are equal to total ordering costs None of the choices are correct Holding costs are greater than total ordering costs Holding costs are less than total ordering costs The main tradeoff that EOQ balances is Ordering and inventory holding costs Flexibility and Speed Quality and Cost Demand and inventory holding costs Average inventory for warehouse 1 is 1087 and the standard deviation is 232 . What is the total inventory assuming a 85% service level. 1469 1327 240 382 These are the locations of 5 different warehouses (123,61);(178,29);(25,145); (152,148);(168,14). Assuming equal loads where should the 6 th warehouse be located? (Round to nearest number) (117,140) (109,92) (129,79) (94,130) 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 reorder point? 512 627 1,838 809