Assignment #4 (Due date: Apr.28", 2020) Name : Ch 12. Economic Order Quantity Millennium Liquors is a wholesaler of sparkling wines. Its most popular product is the French Bete Noire, which is shipped directly from France. Weekly demand is 45 cases. Millennium purchases each case for $120, there is a $300 fixed cost for each order (independent of the quantity ordered), and its annual holding cost is 25 percent. a. What order quantity minimizes Millennium's annual ordering and holding costs? (1pt/10) Answer: b. If Millennium chooses to order 300 cases each time, what is the sum of its annual ordering and holding costs? (1pt/10) Answer: c. If Millennium is restricted to ordering in multiples of 50 cases (e.8, 50, 100, 150, etc.), how many cases should it order to minimize its annual ordering and holding costs? (2pts/10) Answer: d. Millennium is offered a 5 percent discount if it purchases at least 1000 cases. If it decides to take advantage of this discount, what is the sum of its annual ordering and holding costs? (2pts/10) Answer: age 1 of 2 280 Words E E Focus - - + 100% Ch 15. Forecasting La Villa is a ski resort in the Italian Alps. Many guests visit the town; however, most of them come in the winter season because of the phenomenal skiing. A group of hotels has analyzed their demand for the last three years (see the table below) Quarter Year 2017 2018 w Now Demand 19000 14900 13700 22100 18700 17000 16500 20100 19700 12100 13200 23400 2019 Using a smoothing parameter of 0.2 and an initial forecast of 18,000, forecast demand for the first four quarters in 2020.(4pts/10)