Question: 1. What order quantity would minimize total annual ordering and holding cost? 2. Calculate the total annual inventory control cost using your order quantity from

1. What order quantity would minimize total

1. What order quantity would minimize total annual ordering and holding cost? 2. Calculate the total annual inventory control cost using your order quantity from part 1. 3. The office manager is currently using an order quantity of 100 packages. Should the office manager use the economic quantity instead of 100 packages? Justify your answer. Question 6: Using the forecast errors over a 9-month period in the chart below, determine within 2s limits if the process is in control and explain why they are or not in control. Month Forecast Error -4 1 0 2 3 9 4 4 8 5 6 3 5 7 -2 Question 7: A sausage factory can produce European wieners at a rate of 500 kg per day. It supplies Wieners to local stores and restaurants at a steady rate of 100 kg per day. The cost to prepare the

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