Question: Question 3. ( 20 points) At an online book retailer, demand is constant at 32,000 books per year. The cost of placing an order to

Question 3. ( 20 points) At an online book retailer, demand is constant at 32,000 books per year. The cost of placing an order to replenish stock is $10, and the annual cost of holding is $4 per book. Stock is received 3 working days after an order has been placed. Assume 300 working days a year. 1) What is the retailer's optimum order quantity? (5 points) 2) What is the optimum time interval in working days between orders? ( 5 points) 3) What is expected demand during the lead time? (5 points) 4) What is the annual ordering cost at your EOQ? (5 points)

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