\# Question 1: A procurement ofliest in a computer manufacturing coenpany is trying to docide hew many units of corapulse chips to buy. They're usually bought from a supplier that ofisas quantity discounts as presented in the below table: Qhantities mare than 5100$40.5 The company has an annual demand of 750 chips. It costs them 3125 per order and the invertery earrying lices are 2% of the purchase cost. Calculate how many units the afficer should order to minimine total inventury cests. . Question 2: A retailer purchases car parts from various vendars. The retailer works 5 days a week, 52 wosks per year. The retailer wants to revaluate has current inveritory policy use the following data for the car parts: - Average daily demand (d)100 parts - Standard deviation of daily demand (d)=30 parts - Lead time (L)=3 days - Holding cost (H)=59,40/unityear - Ordering cost (5)535 per order - Required service level =92% a. Calculate the FOO b. Calculate the reverder point. (Don't furget the safisty steck!) c. What is the total annual inventory cost? (Tip: Safety stock quantities are also held in stock, therefor yoa should add them to the total invertory cost as (Cl+ Safery stock quantity)