QUESTION 4 30 points A component used in a manufacturing facility is ordered from an outside supplier. Estimated demand in thousands) over the next 10 weeks is in the table below. The components cost 55 cents each and the interest rate used to compute the holding cost is 0.5% per week. The fixed order cost is estimated to be $300. 6 Week Demand 2 34 3 32 4 12 5 8 7 54 8 16 9 76 10 30 22 a. Determine the lot sizes using the EOQ lot sizing policy b. Determine the lot sizes using the Silver-Meal heuristic. c. Determine the lot sizes using the least unit cost heuristic d. Determine the lot sizes using part period balancing. e. Compare the holding and setup costs obtained over the six periods using the policies found in parts(a) (d). Which method resulted in the lowest-cost policy for this