Problem 10-11 (Algorithmic) 12DCO Assume that a production line operates such that the production lot size model of Q' = - is applicable. Assume that D = 6,300 units per year, Co = $110, and Ch = $2 per unit per year. on lot size model of Q = VA DESC is applicable. Assume that D = 6,30 a. i. 8,100 units per year ii. 11,000 units per year ill. 30,000 units per year iv. 95,000 units per year If required, round your answers to the nearest whole number. *= J* =( i. p = 3,100 ii. P = 11,000 11. P = 30,000 iv. p = 95,000 *= 1 b. Compute the EOQ recommended lot size using equation Q / 2DC, Q* = V Ch If required, round your answer to the nearest whole number. Comparing the EOQ lot size to the production lot sizes in parts i, ii, iii, and iv, what two observations can you make about the relationship between the EOQ model and the production lot size model? than the EOQ Q* with the same D, Co, and Ch Production Lot Size Q* is always values. As the production rate P the recommended q* decreases, but always remains than the EOQ Q*