Question: Please help due soon :) 1) Use the following information to answer the questions below regarding a Fixed Order Quantity (FOQ) inventory system. Round to

Please help due soon :)

Please help due soon :) 1) Use the following

1) Use the following information to answer the questions below regarding a Fixed Order Quantity (FOQ) inventory system. Round to the nearest single decimal place. (4 points) | Average weekly demand Order cost Lead time Weeks per year Holding cost/unit/year Current on hand inventory Scheduled receipts Backorders 12.5 $20 3 weeks 52 $1.20 35 units 20 units | 2 units a) What is the economic order quantity (EOQ) (Q*)? b) What is the total annual cost for the EOQ? c) What is the reorder point (r) without safety stock? d) Based on these calculations, should an order be placed? And if so, for how many units? 2) Use the following information to answer the questions below regarding a Fixed Period inventory system: (4 points) ind Average weekly demand Order cost Lead time Weeks per year Holding cost/unit/year 300 $60 2 weeks 52 $1.50 a) Compute M (optimal replenishment level) and T (period in weeks) without safety stock. b) Explain how this system would operate (a few sentences)

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