Question-2: Consider the case of multiple item inventory where two items are ordered on the same vendor with the following data given in the table below. Calculate the Economic Order Quantity (EOQ) and total number of orders in a year, Nj and the average item costs, Q. C//2 for both items. (Marks 8) a) The following conditions have to be observed for the inventory of an item: Hence calculate the following for Item-1 \& Item-2: (i) The economic order quantity; (ii) Cycle time, T (iii) Number of orders per year, and total orders: (iv) The average cost of the items-1\&2, Q.C./2; (Marks 6) b) In the case of multiple item inventory, the total number of items ordered are constrained to be limited to a value alven in the table. Hence for the case of Multiple Items inventory with item-constraint calculate the optimum value to be ordered using the Lagrange multiplier method: (i) The Lagrange multiplier; (ii) The order quantity of item-1 \& 2; (iii) Number of orders in a year, for items-182, (as real numbers); (iv) Hence the total number of orders N : (Marks 6) c) In another case of Multiple-ltem inventory there is a constraint on the total value Hence for the case of Multiple Items inveriuly optimum values to be ordered using the Lagrange multiplier method: (i) The Lagrange multiplier: (ii) The order quantity of tiem-1 \& 2: (iii) The average cost of the items-182, Q. Cj/2 i (iv) Hence the total value of the orders