pple is preparing to launch a new iPhone model and needs to procure a specialized camera module for

its production. The demand forecast suggests that Apple will need an average of $10,000$ units of this camera

module per month. Each unit of the camera module costs $$15.$ Apple currently orders the camera module

from a supplier, and the fixed cost of placing an order is $$500$ per order. The holding cost per unit of the

camera module per month is $$2.$

$($a$)$ How many camera modules should you order to minimize your total annual cost? $($you do not need

to round your solution$)(5$ points$)$

$($b$)$ Using the order quantity found in part $($a$),$ find the total annual ordering and holding cost for camera

modules. $(5$ points$)$

$($c$)$ Using the order quantity found in part $($a$),$ how often do you need to place an order in days? $($e$.$g$.,$

every day, every other day, or every n days$)(5$ points$)$

$($d$)$ Using the order quantity found in part $($a$),$ how many orders a year would be placed? $(5$ points$)$

$($e$)$ Using the information provided in part $($a$),$ what is the annual minimum average total cost? $(5$ points