An MRP schedule gives the following pattern of demand for an item. The reorder cost is...

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An MRP schedule gives the following pattern of demand for an item. The reorder cost is $300 and the holding cost is $1 a week. Week Demand 1 2 50 60 3 90 4 70 5 6 30 100 What ordering policy will you suggest in order to minimize the total cost? (hint: fixed-order quantity policy, periodic review policy, or batching An MRP schedule gives the following pattern of demand for an item. The reorder cost is $300 and the holding cost is $1 a week. Week Demand 1 2 50 60 3 90 4 70 5 6 30 100 What ordering policy will you suggest in order to minimize the total cost? (hint: fixed-order quantity policy, periodic review policy, or batching