Determine for each material (1) the average inventory and (2) the possible number of stockouts per year for the two inventory policies given below. (a) Uniform inventory policy of 4 orders per year for all materials. (b) Classify the materials into ABC category. For consistency, use the same threshold values between A-B (S100,000) and B-C (S25,000) categories as used in the class example Material PriceDemand, Consumption, ABC Orders per unit units ear Classification vear 5.00 3.75 11.50 135.00 4.50 12.00 17.00 2.00 1,500 2,800 5,100 80 2,400 6000 120 1,800 1.60360,000 1.440 10 0.80 Material Consumption, S/year Uniform Inv. Policy ABC Inventory Policy Average Possible Average Possible InventoryS Stockouts Inventory Stockouts 10 Total Determine for each material (1) the average inventory and (2) the possible number of stockouts per year for the two inventory policies given below. (a) Uniform inventory policy of 4 orders per year for all materials. (b) Classify the materials into ABC category. For consistency, use the same threshold values between A-B (S100,000) and B-C (S25,000) categories as used in the class example Material PriceDemand, Consumption, ABC Orders per unit units ear Classification vear 5.00 3.75 11.50 135.00 4.50 12.00 17.00 2.00 1,500 2,800 5,100 80 2,400 6000 120 1,800 1.60360,000 1.440 10 0.80 Material Consumption, S/year Uniform Inv. Policy ABC Inventory Policy Average Possible Average Possible InventoryS Stockouts Inventory Stockouts 10 Total