Question 4 15 pts Chapter 11 - Quantitative question (you must solve at least two quantitative questions, of which at least one must be from chapter 8 or chapter 9). Using the data below, find the EOQ, R and the total annual cost associated with this situation. In the picture below (also shown in Figure 4 of the exam guidance) observe the labels XX, YY and ZZ. Which of these is the EOQ (also called the Q* or Q opt)? Which is R? Which is L? Annual Demand (D): 17,000 units and constant (no variation) Weeks Operating: 52 weeks/year Ordering Costs (S): $80/order Holding Costs (H): $4/unit/year Cost of the item (C): $20 1 Week Lead-Time (L): After calculating costs, EOQ and R, answer the following based on your student number: 1. If Y is even if you ordered a quantity (0) that was 20% more than the optimal, would the holding cost be higher or lower? (no calculation needed, simply say "higher" or "lower") 2. If Y is odd - if you ordered a quantity (Q) that was 20% less than the optimal, would the holding cost be higher or lower? (no calculation needed, simply say "higher" or "lower") Q-Model Inventory on- hand YY Time