below. Om the talt 3 n Solved Problem 1 For a product managed according to the Economic Order Quantity method, the table shows monthly demand rates for the last two years Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Year 1 80 70 110 100 110 90 80 Year 2 120 130 50 70 120 100 90 120 100 130 110 100 70 100 80 140 140 The product is bought at 20 Euros per unit. Set up cost is 105 Euros and holding cost is 35% of the purchasing price. Service level decided by management is 95%. Delivery lead time is 1 month. Calculate EOQ, Number of orders and time between orders Calculate the reorder point ROP Trace the inventory profile roblem 1