PRACTICE PROBLEMS FOR SELECTIVE INVENTORY CONTROL MODELS 1. The table below shows data for 16 items managed by an inventory manager. Perform ABC analysis to categorize these items into A, B, and C classes. Item name Price Item name Price Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8 3,5 12 3.5 15 6.5 4 0.2 7.5 Annual demand 30,000 1,500 4,500 200 24,000 Item 9 Item 10 Item 11 Item 12 Item 13 Item 14 Item 15 Item 16 2.5 15 5 2 8 5.5 11 1.5 Annual demand 6,500 1,250 2,500 30 12 12 12,000 7,000 500 12,000 1,100 2. Draw an exchange curve for the first