Question: Question 5 0.1 pts Consider a continuous review system. On-hand inventory is 700, and there is a scheduled receipt of 75, and 0 backorders. If

Question 5 0.1 pts Consider a continuous review system. On-hand inventory

Question 5 0.1 pts Consider a continuous review system. On-hand inventory is 700, and there is a scheduled receipt of 75, and 0 backorders. If the re-order point is 1000, how much should be ordered? O EOQ O 1000 O 130 O 700 Question 6 0.1 pts Neiman Marcus is having a sale on their perfume, but it is for today only! The price has been reduced from $50 to $47. Due to your hyperactive nose, you can only wear perfume for a single day per year (weird I know...), therefore your annual demand is 365 units per year. It costs you $20 per order you make (gas cost to get to the store and you have a holding cost percentage of 10%. Given this one-time discount, what is your optimal order quantity? 0 290 O 54 O 365 O 280

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