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?

Problem 8:

What are the two most basic inventory questions answered by the typical inventory model?

Problem 9:

Name 5 types of inventory holding costs.