Question: 2. (30 points) A single inventory item is ordered from an outside supplier. The anticipated demand for this item over the next 12 months is:

2. (30 points) A single inventory item is ordered

2. (30 points) A single inventory item is ordered from an outside supplier. The anticipated demand for this item over the next 12 months is: (Before solving the question, select a different integer demand for each month from the interval [5, 30], fill in the following table and copy it into your answer sheet) Month 10 1 12 Demand Current inventory of this item is 3, and ending inventory should be 8. Assume a holding cost of $1 per period and a setup cost of $40. Determine the order policy and total cost for this item based on: a) Silver-Meal heuristic b) Least unit cost heuristic c) Part period balancing heuristic

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