I NEED TO ANSWER NUMBER 3 BUT FOR THAT IT IS NECESSARY TO SOLVE ALL THE PREVIOUS STSEP.... I

Inventory Management, QUANTITY DISCOUNTS 1. A construction contractor requires A2-type welding rods (a special alloy). Inventory control parameters for this product and the per-unit cost of product varies according to the following all-unit discount policy are given next: ALL-UNITS DISCOUNT PROCEDURE qi BASIC DATA: 1,500 $ 150.00 55% Demand D Ord. Costa Ti # Intervals A large # n K(Q) items/yr $ / order %/unit-vr ||1 2 0 450 950 450 950 1,250 14.10 14.00 13.80 999999 3 Find: a) (25 pts.) Write the values of Qi and Ki(Qi) you obtained for all quantity discount ranges j 9j1| ALL-UNITS DISCOUNT PROCEDURE qj | cj| Q; I KQ) b) (10 pts.) What is the optimal lot size that minimizes total cost? Ans c) (10 pts.) What is the minimum total cost? Ans 2. A construction contractor requires A2-type welding rods (a special alloy). Inventory control parameters for this product and the per-unit cost of product varies according to the following incremental discount policy are given next: INCREMENTAL DISCOUNT PROCEDURE qil Q BASIC DATA: 1,500 $ 150.00 55% Demand Ord. Cost D A qi-1 k(Q:) items/xr S/order % / unit-vr #Intervals A large # 0 450 950 450 950 1,250 14.10 14.00 13.80 n 999999 Find: d) (25 pts.) Write the values of Qi and Ki(Qi) you obtained for all quantity discount ranges INCREMENTAL DISCOUNT PROCEDURE K(Q) e) (10 pts.) What is the optimal lot size that minimizes total cost? Ans f) (10 pts.) What is the minimum total cost? Ans 3. (10 pts. Which of the two quantity discount policies is best? ALL-UNITS or INCREMENTAL discount? Inventory Management, QUANTITY DISCOUNTS 1. A construction contractor requires A2-type welding rods (a special alloy). Inventory control parameters for this product and the per-unit cost of product varies according to the following all-unit discount policy are given next: ALL-UNITS DISCOUNT PROCEDURE qi BASIC DATA: 1,500 $ 150.00 55% Demand D Ord. Costa Ti # Intervals A large # n K(Q) items/yr $ / order %/unit-vr ||1 2 0 450 950 450 950 1,250 14.10 14.00 13.80 999999 3 Find: a) (25 pts.) Write the values of Qi and Ki(Qi) you obtained for all quantity discount ranges j 9j1| ALL-UNITS DISCOUNT PROCEDURE qj | cj| Q; I KQ) b) (10 pts.) What is the optimal lot size that minimizes total cost? Ans c) (10 pts.) What is the minimum total cost? Ans 2. A construction contractor requires A2-type welding rods (a special alloy). Inventory control parameters for this product and the per-unit cost of product varies according to the following incremental discount policy are given next: INCREMENTAL DISCOUNT PROCEDURE qil Q BASIC DATA: 1,500 $ 150.00 55% Demand Ord. Cost D A qi-1 k(Q:) items/xr S/order % / unit-vr #Intervals A large # 0 450 950 450 950 1,250 14.10 14.00 13.80 n 999999 Find: d) (25 pts.) Write the values of Qi and Ki(Qi) you obtained for all quantity discount ranges INCREMENTAL DISCOUNT PROCEDURE K(Q) e) (10 pts.) What is the optimal lot size that minimizes total cost? Ans f) (10 pts.) What is the minimum total cost? Ans 3. (10 pts. Which of the two quantity discount policies is best? ALL-UNITS or INCREMENTAL discount