1. A retail store sells three groups of milk-products, coded as M01, M02, and M03. For each product, a constant deterministic demand rate is assumed. The following table summarizes the data on the products. The inventory holding cost is computed by assuming an annual investment return rate of 10% (e.g. holding cost for M01 is $2010%=$2/ unit annually). Determine the most economical order quantity for each product under the given assumptions. How many orders will be placed during a year? (Hint: Use EOQ model) 1. A retail store sells three groups of milk-products, coded as M01, M02, and M03. For each product, a constant deterministic demand rate is assumed. The following table summarizes the data on the products. The inventory holding cost is computed by assuming an annual investment return rate of 10% (e.g. holding cost for M01 is $2010%=$2/ unit annually). Determine the most economical order quantity for each product under the given assumptions. How many orders will be placed during a year? (Hint: Use EOQ model)