Part II. Problem questions - problem questions each having to marks - total 20 marks Problem 1 - Small Wonder is an amusement park. It experiences seasonal attendance. It has collected two years of quarterly attendance data and made a forecast of annual attendance for the coming year. Compute the seasonal indexes for the four quarters and generate quarterly forecasts for the coming year, assuming annual attendance for the coming year to be 1525 Annual attendance Quarter Predicted annual attendance for year is 1525 AVG Index Year 2 Index Index Year 3 391 212 Fall Year 352 156 489 314 Winter Spring Summer Average 518 352 Total Problema You are selling milk feeder for kids in Bahraini market. You have selected a supplier who provides you a nice brand of feeder which is liked by mothers. Your supplier informed you that Unit cost of each feeder will be $15 and order Lead time will be 2 weeks. You have a weekly demand of 240 units, your annual carrying cost H 15 20%, and Ordering costs is $50. You have 52 weeks per year. Based on this data you will find the following: Economic Order Quantity (E09) (1 marks) 2. Total cost (TC) (4 marks) 3. Reorder point (R) (2 marks) Page 4 of 4