Question: Question 1 6 ( 1 0 points ) A company manufactures 4 Sizes of Screwdrivers, Ordering costs and carrying costs are unknown, but it is

Question 16(10 points)
A company manufactures 4 Sizes of Screwdrivers, Ordering costs and carrying costs are unknown, but it is known that they are the same for each size. At present each size is produced 4 times per year . If the demand for each size is as follows, calculate the order quantities to minimize inventories (6 Marks) and maintain the same total number of runs. Calculate the old and new average inventories(4 Marks). Is there any change in the number of orders per year calculations in the Workspace provided or Use the worksheet.)
\table[[Item,\table[[Annual],[usage]],\table[[Present],[Orders]],\table[[Present lot],[size]],AD2,\table[[New Lot],[Size]],\table[[New],[orders],[per year]]],[1,$10,000,4,,,,],[2,$8,100,4,,,,],[3,$6,400,4,,,,],[4,$3600,4,,,,],[,Total,,,,,-],[,\table[[Average],[inventory]],,-,,,]]
 Question 16(10 points) A company manufactures 4 Sizes of Screwdrivers, Ordering

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