Question: Please solwe wtihout the creating software part. Create a software that determines optimal lot size (Q) and reorder point (R) for a given data. 1.

 Please solwe wtihout the creating software part. Create a software that

Please solwe wtihout the creating software part.

Create a software that determines optimal lot size (Q) and reorder point (R) for a given data. 1. The software should first request the costs (unit cost, ordering cost, penalty cost) and interest rate. Then, it should also determine the holding cost based on the unit cost and interested rate provided. 2. The software should request the lead time, lead time demand and lead time standard deviation. Based on the lead time and lead time demand provided, the software should determine the annual demand. 3. Each time when the software needs a z or L(z) value, it should be requested from the user, i.e., "enter the z and L(z) value for 0.902 ". These values should be read from the Z-Chart \& Loss Function Table and entered to the software by the user. 4. In the end, the software should find the following decision variables and performance measures. - Optimal lot size and reorder point - Number of iterations the software run to obtain the optimal lot size and reorder point - The safety stock - Average annual holding. setup and penalty costs - Average time between the placement of orders - The proportion of order cycles in which no stock out occurs - The proportion of demands that are not met All these performance measures should be shown to the user on a single screen

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