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10. 11. 12. Given the EOQ you calculated for Lott, how many orders should be placed and what is the average inventory balance? If it

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10. 11. 12. Given the EOQ you calculated for Lott, how many orders should be placed and what is the average inventory balance? If it takes 2 days to receive an order from suppliers, at what inventory level should Lott place another order? If Lott was recently been approached by its supplier with a new quantity discount program, and Lott determines that the optimal order quantity is 4,000 units, and at this level of order inventory, the company will pay $4.98 per unit. Determine the total inventory costs for Lott considering the quantity discount

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