Short Answer Problem 1: [10 points] You run a large retail store that sells clothes and accessories. The supplier for a particular backpack has a requirement that orders must fall into one of two ranges: (1) from O up until 2000, which is the capacity of their small truck and (2) from 3000 to 4000, which is the capacity of a section of their large truck. The fixed ordering cost and the cost of the product is independent of which range your order falls into. You plan to solve an EOQ model to determine your optimal order quantity. Provide the 4 values that your optimal order quantity may take and, for each, provide the range (or ranges) where the EOQ would be in for the optimal order quantity to take that value. Solution: Value 1: Range for Value 1: Value 2: Range for Value 2: Value 3: Range for Value 3: Value 4: Range for Value 4: Short Answer Problem 1: [10 points] You run a large retail store that sells clothes and accessories. The supplier for a particular backpack has a requirement that orders must fall into one of two ranges: (1) from O up until 2000, which is the capacity of their small truck and (2) from 3000 to 4000, which is the capacity of a section of their large truck. The fixed ordering cost and the cost of the product is independent of which range your order falls into. You plan to solve an EOQ model to determine your optimal order quantity. Provide the 4 values that your optimal order quantity may take and, for each, provide the range (or ranges) where the EOQ would be in for the optimal order quantity to take that value. Solution: Value 1: Range for Value 1: Value 2: Range for Value 2: Value 3: Range for Value 3: Value 4: Range for Value 4