Question: Before working on the HW problems, please review this Blog about how important math is in Supply Chain management: https://www.mooc.org/blog/how-is-math-used-in-supply-chain Question 1,5 points EOQ. Bigfoot

Before working on the HW problems, please review this Blog about how important math is in Supply Chain management: https://www.mooc.org/blog/how-is-math-used-in-supply-chain Question 1,5 points EOQ. Bigfoot company sells knockoff Yeti tumblers that they acquire from Sasquatch Inc. Bigfoot has had sales that ayerage 4,000 cases per quarter. Bigfoot company estimates that their cost of capital is 12%, and insurance, taxes, breakage etc. is 1%. The cost of placing one order is 10 USD, regardless of the amount ordered. The cost for one case to be held in inventory is 20 USD. Calculate the minimum-cost EOQ. Question 2, 5 points Quantity Discounts Assume Bigfoot company has an EOQ of 253 cases for their product. Also assume that they want to benefit from a discount offered by their supplier. To obtain a 10% discount, they have to order 1,000 cases, having the following total costs for the 1,000 case order: Holding cost is 5,000 USD, Order cost is 40 USD, Purchase cost is 667,000 USD. What is the total cost that Bigfoot company would incur for this 1000 case order? Question 3, 5 points Fixed/single period inventory systems Assume Bigfoot company has an EOQ of 253 cases for their product. It typically takes a lead time of 4 weeks to receive the product after it is ordered. The average demand per week, in cases is 1,000 cases. Assume that the cost to place an order is 20 USD. What is the average demand during the lead time

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