Question: Design your own inventory management problem with the required input data and answer the following questions: a. What is the optimal order size? b. What

Design your own inventory management problem with

Design your own inventory management problem with the required input data and answer the following questions: a. What is the optimal order size? b. What is the optimal number of orders per year? C. What is the optimal number of days between orders? d. What is the annual inventory cost? e. If the lead time were X days/weeks/months, what would be the reorder point? f. For what value of ordering cost would Y units of order size be optimal? Determine unit of time, X, Y, and all required input data by yourself depending on your problem randomly and rationally. (no production, no discount)

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