Suppose that the buttons used in the calculators cost $0.02 each and the company estimates a xed

Suppose that the buttons used in the calculators cost $0.02 each and the company estimates a fixed cost of $12 for placing and receiving orders of the buttons from an outside supplier. Assume that holding costs are based on a 24 percent annual interest rate and that there are 48 weeks to a year. Using the gross requirements schedule for the buttons determined in table below, week 1 2 3 4 5 6 7 8 9 10 Gross reqts 48 48 32 44 44 12 88 56 72 24 (All units expressed in thousands) a) What order policy does the Silver–Meal heuristic recommend for the buttons? b) Solve Problem two using least unit cost. Compare the costs of the resulting solution to the cost of the solution obtained by using the Silver–Meal heuristic.