Question: please solve fast in text format ...handwritten solution not allowed ...dont use chat gpt 4.) A bicycle manufacturer keeps a stock of wheel tires as

please solve fast in text format ...handwritten solution not allowed ...dont use chat gpt

please solve fast in text format ...handwritten solution not allowed ...dont use

4.) A bicycle manufacturer keeps a stock of wheel tires as a standard item in the company's inventory of component parts. Each year the company, on a random basis, uses about 3,000 of these tires, which costs $20 each. Storage costs, which include insurance and cost of capital, amount to $5 per unit of average inventory. Every time an order is placed for more of these tires, it costs $10. Whenever tires are ordered, what should the order size be to minimize total costs? What is the annual cost for ordering tires? What is the annual cost for storing tires

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