Question: QUESTION 1 Given the information below, what is the EOQ? (Round your answer to the nearest whole number) Annual Demand = 1,000 units Days per

QUESTION 1 Given the information below, what is

QUESTION 1 Given the information below, what is the EOQ? (Round your answer to the nearest whole number) Annual Demand = 1,000 units Days per year considered in average daily demand=365 Cost to place an order = $10 Holding cost per unit per year = $2.50 Lead time = 7 days Cost per unit = $15 QUESTION 2 Given the following information, calculate Reorder point. (Round your answer to nearest whole number. To help you, I always allow a range to be accepted as an answer to account for rounding errors) Expected Annual Demand = 10,000 units Days per year considered in average daily demand = 365 Cost to place an order = $10 Holding cost per unit per year = 10% of cost per unit Lead time = 10 days Cost per unit = $15 Standard deviation of daily demand = 7.9 units Stockout risk = 5%

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