Question: Question 2: (30pts) Demand pattern is given as follows: Month 2 Demand 200 250 3 280 4 450 5 300 6 320 7 300 a.

Question 2: (30pts) Demand pattern is given as
Question 2: (30pts) Demand pattern is given as
Question 2: (30pts) Demand pattern is given as follows: Month 2 Demand 200 250 3 280 4 450 5 300 6 320 7 300 a. Apply Silver - meal method to find the ordering schedule for the given item. (15pts) b. Apply the economic order quantity as time supply (POQ) to find the ordering schedule for the given item. (10pts) (Hint: The time supply is computed by specified formular Teog) c. Compute and compare the total relevant cost (sum of holding cost and ordering cost) of using the method in part (a), (b) to conclude which is the best approach among the three ones. (Spts) Use the following data for question 1 and 2 only Given the inventory system with the following estimated costs: ordering cost A = $ 30 per order, unit cost v = 4.75 $ per unit, annual interest rate r = 15%

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