2. Lot-Sizing Technique [25+10 points]: The campus bookstore at LSU sells writing tablets to students, faculty, and staff. During an 8-day period the sales pattern is 220, 310, 250, 270, 230, 220, 360 and 280. The holding cost is $0.008/tablet/year while the order handling cost $15 per order. (a) What is the optimal ordering policy during the 8-week period based on Silver-Meal heuristic? (b) What is the total cost of inventory operations? Ordering Lot size, SM Q y Additional beginning No. of periods additional Carrying cost of additional Cum. carrying cost plus Average cost/period, inventory inventory held units ordering cost TCM (N) Period 220 S 6 1355857 2 310 250 4 270 230 220 360 280 Period(in week) Weekly Demand Ordering Policy Beginning Inventory Ending Inventory Carrying Cost (in dollars) TC= ? 1 2 3 4 5 6 7 8