Question: Calculate the total inventory cost for the fixed order quantity ( with lot size = 6 5 0 units ) inQuestion 6 . The per

Calculate the total inventory cost for the fixed order quantity (with lot size =650 units) inQuestion 6. The per order fixed cost is still $800/order, and the unit holding cost is still $1 per item per week. Determine if the policy of fixed order quantity is better than the policy of lot-for-lot.[Hint: Compare the total inventory costs for two policies to see which one is smaller.]

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