Question: 10. 11. 12. Given the EOQ you calculated for Lott, how many orders should be placed and what is the average inventory balance? If it

10. 11. 12. Given the EOQ you calculated for Lott, how

10. 11. 12. Given the EOQ you calculated for Lott, how many orders should be placed and what is the average inventory balance? If it takes 2 days to receive an order from suppliers, at what inventory level should Lott place another order? If Lott was recently been approached by its supplier with a new quantity discount program, and Lott determines that the optimal order quantity is 4,000 units, and at this level of order inventory, the company will pay $4.98 per unit. Determine the total inventory costs for Lott considering the quantity discount

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