Remaining Time: 1 hour, 11 minutes Question Completion Status: Question 26 5 points Part A Consider an item with item cost 125. The cost per order is 40 and holding cost is 30% of the item value. Daily demand is 4 units. The supplier takes 7 days to deliver the products. Assume that demand is constant. Also assume that working days in a year are 250. 1- What shall be economic order quantity? 2. What shall be reorder point to run this inventory system? 3- What shall be total annual cost to run this inventory system? 4-write the inventory Policy Part 8 Suppose that demand is uncertain. Average daily demand as 4 units with standard deviation of daily demand as 45 5. What would be the reorder point if you are to maintain the service level of 99% (1.6. z-value is 2.33). D Q TC = DC +-S+H a 24 2DS EOQ = Q = H Constant Demand