Given the table. please help me explain and answer the questions. first model: eoq, 2nd: fixer period with t= 37, 3rd: fp with t=50.

Compare the cost results from the three plans and decide which is the best one based on costs. Discuss why one is more expensive than the other. Is the ROP necessary for this demand set? When is the ROP more appropriate? How does the target T affect the total costs involved? How can you set the target T to minimize the costs? Is it better to increase order period P to minimize cost? How can you determine period P for minimum cost? TotalCost EOQ Without Safety Stock 3431 With Safety Stock 4690 Fixed Period Model Target Quantity = 37 32000 Price = 170 P = 2 months Target Quantity = 50 26000 Compare the cost results from the three plans and decide which is the best one based on costs. Discuss why one is more expensive than the other. Is the ROP necessary for this demand set? When is the ROP more appropriate? How does the target T affect the total costs involved? How can you set the target T to minimize the costs? Is it better to increase order period P to minimize cost? How can you determine period P for minimum cost? TotalCost EOQ Without Safety Stock 3431 With Safety Stock 4690 Fixed Period Model Target Quantity = 37 32000 Price = 170 P = 2 months Target Quantity = 50 26000