Question: William Powe Title Subtitle Subtle Em... Emphasis Intense E.. Strong Styles Quote Intense Q... Find the Replace Select D 15 Editing Inventory Problem 1 A

William Powe Title Subtitle Subtle Em... Emphasis Intense E.. Strong Styles Quote Intense Q... Find the Replace Select D 15 Editing Inventory Problem 1 A distributor of large appliances needs to determine order quantities and reorder points for various products that it carries. The following data refer to a specific refrigerator in its product line: Annual Demand Inventory carrying cost percent Ordering Cost Cost of refrigerator Lead time 500 refrigerators 20% $100 per order $500 each 7 days Assume constant daily demand and a 365-day year. a) Find the economic order quantity (10 points) b) Find the re-order point (10 points)

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