Hello tutor, could you assist with the following EOQ formula abd concept for the question below

Question 1

You work at an appliance store and realize that the demand is stable and EOQ assumptions are satisfied. You further collect the following data for the bestselling washer:

• Average annual sales = 3000 units
• Ordering cost = $300 per order
• Carrying cost = 20% of the item cost per year
• Item cost = $400 per unit
• Lead time = 10 days
• Working days per year = 250

a) After noticing that the store's current inventory policy is suboptimal, you want to impress your manager by making a proposal for improvement. What is the optimal order policy for this washer (write in the format of [R,Q*])?

b) What is the total ordering cost under the optimal order policy?

c) What is the total holding cost under the optimal order policy?

d) Consider your answers in part b and c. Which one of the following is correct (circle one)? Explain why?

• Total ordering cost=total holding cost
• Total ordering cost>total holding cost
• Total ordering cost

e) The supplier is willing to offer a 3% discount if you are willing to receive shipments of washers every 6 months. Would you take this discount if you want to minimize the annual total cost?