For this question you will need to calculate $2$ different EOQ and ROP values and interpret the results. For both EOQ and ROP, give your final answer in full sock sets $($ROUND UP to the next whole number$).$ The specific questions to answer are indicated in items $a,b,$ and $c$ below. Additional tips to calculate the EOQ and ROP are provided in the bullet points that follow.

a$)$ Calculate EOQ and ROP for FY$2023$ based on the FY$2023$ forecast value $($not the FY$2024$ forecast$)$ that you determined to be most accurate in Question #$1.$

b$)$ Calculate the EOQ and ROP based upon actual demand for FY$2023$

c$)$ Using the $2023$ actual demand $($D$),$ calculate the total ordering and inventory holding costs based on each of the EOQ's you calculated above and the current $Q(6,000)$ that Throx is using.

i$.$ Compare the total ordering and inventory holding costs from the three results and explain what drives the differences

d$)$ What are the implications of the ROP Throx is currently using versus the ROP you calculated based on Actual Demand?

Additional tips:

Use a service level of $)=(1\mathrm{.}65$ when calculating the ROP.

For the standard deviation of weekly demand, use the data provided in the table on page $2$ of the case with the FY$2023$ forecast for all approaches.