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a 1. (100 points) The seasonal demand for a particular product is given below: Period 1 2 34 5 6 Demand 300 450 100 450

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a 1. (100 points) The seasonal demand for a particular product is given below: Period 1 2 34 5 6 Demand 300 450 100 450 450 100 The fixed parameters are: Fixed Cost $8 Unit Production Cost $1 Holding Cost $ 1.3 Calculate total ordering cost using following three methods: i) Lot-for-Lot ii) Wagner-Whitin algorithm iii) Fixed order quantity Which method you will chose to order and why? [YOU MUST NEED TO SHOW YOUR WORK AND EXPLAIN ANSWERS TO GET FULL CREDIT)

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