COST PARAMETERS Ordering Cost $ $ 50.00 Holding Cost $ 0.02 Shortage Cost $ 2.00 SYSTEM PARAMETERS min (if below) max (order up to) Avg Demand (d) 2,500 4,500 925 125 ) st Dev SIMULATION RESULTS Day Beginning Inventory Position Number Ordered Daily Demand Day-End Inventory Ordering Costs Beginning Inventory On- Hand 1,700 Holding Costs Shortage Costs Total Cost For Day 1 2 3 3 4 5 6 7 8 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 897 960 879 934 1,148 1,096 831 817 1,172 984 961 1,026 1,017 886 784 708 1,222 920 949 877 803 840 998 23 Using lab 7 with a two-day lead time (all original values), what is the total holding cost assuming that a min and max of 2,900 and 4,400, respectively, are used? A. $95,613 B. $115,083 C. $123,400 OD. $244,047 QUESTION 4 10 points Using lab 7 with a two-day lead time (all original values), what is the optimal min and max to get the lowest total cost, rounded to the nearest increment of 50? Min = 2,800 A. Max = 4,200 Min = 2,750 B. Max = 4,200 Min = 2,750 C. Max = 4,150 Min = 2,800 D. Max = 4,150