Question: Please Provide Details Solution Steps. 1. (25 pts.) Suppose you have a demand for four different products, P1, P2, P3, and P4. Weekly demands are

Please Provide Details Solution Steps. 1. (25

Please Provide Details Solution Steps.

1. (25 pts.) Suppose you have a demand for four different products, P1, P2, P3, and P4. Weekly demands are 55, 65, 35 and 25 for P1, P2, P3, and P4, respectively. Common order cost is $505. Product-specific order costs are $67, $42, $60 and $35 for P1, P2, P3, and P4, respectively. Holding cost as a percentage of unit cost is 25%. Unit costs are $40, $105, $250, and $335 for P1, P2, P3, and P4, respectively. a) (10 pts.) Calculate the total annual cost if each product ordered and delivered independently. b) (15 pts.) Calculate the total annual cost if each product ordered and delivered jointly

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