Question: You have a product which you manage its inventory based on continuous review policy. Assume that you work 300 days in a year. For the

You have a product which you manage its inventory

You have a product which you manage its inventory based on continuous review policy. Assume that you work 300 days in a year. For the two different cases below, considering the EOQ model, fill in the blanks in the sentences by showing all your calculations. Case 1: The order cost is $100 per order. The demand for your product is 30 units per day. The holding cost is $0.05 per unit per day. The lead time for orders is 5 days. "We order .. units whenever the inventory level drops to units. The expected time between arrivals of orders is days." Case 2: The order cost is $100 per order. The demand for your product is 40 units per day. The holding cost is $0.01 per unit per day. The lead time for orders is 3 days. "We order units whenever the inventory level drops to units. The expected time between arrivals of orders is days

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