Question: The data are given for a Coffee wholesaler in the Coffee sheet in the Inventory Data file, forecasting the demand (D), for the year 2018.

  1. The data are given for a Coffee wholesaler in the "Coffee" sheet in the "Inventory Data" file, forecasting the demand (D), for the year 2018. Choose the forecasting technique with parameters that you think are best for this data. If the ordering cost is $500, and the holding cost is $10 per bag, then

a) what is EOQ for this product?

b) what is Total Inventory Cost?

The data are given for a Coffee wholesaler in the "Coffee" sheet

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