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5) (15 pts) A company with a very strange inventory management policy has the following inventory profile of one cycle. We order one time per
5) (15 pts) A company with a very strange inventory management policy has the following inventory profile of one cycle. We order one time per cycle. The inventory profile is repeated indefinitely. Answer the following questions using these parameters: holding cost is $2 per item per month and ordering cost is $500 per order. For the calculation, use the unit of DAY. (Assume there are 30 days in a month). inv. qt. 100 0 50 100 days) c) Determine the daily ordering cost. d) Determine the holding cost per day
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