Question: 1. For the data given in Example 14.1-2, determine the following: (a) The approximate number of orders per month. (b) The expected monthly setup cost.

1. For the data given in Example 14.1-2, determine the following:

(a) The approximate number of orders per month.

(b) The expected monthly setup cost.

(c) The expected holding cost per month.

(d) The expected shortage cost per month.

(e) The probability of running out of stock during lead time.

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