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ComfyShoes is an online retailer which carries various shoe lines. For simplicity, we are only interested in the number of pairs of shoes (the unit

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ComfyShoes is an online retailer which carries various shoe lines. For simplicity, we are only interested in the number of pairs of shoes (the unit is a pair of shoes), not in differences amongst lines and sizes. The company uses a fixed-quantity inventory system (FQS) to manage their stock. The online retailer operates 52 weeks per year and 7 days per week. Following is key information either current or averaged over years of operations: Backorders happen because of shortages in certain sizes. A restock order would include all sizes. You would need to show equations, steps, and the final results with units for full credits. Time units should be carefully treated. Goods quantities should be rounded up to whole numbers. Find the Economic Order Quantity (EOQ). (Rounded up to a whole number) Find the total annual ordering and inventory-holding cost (TAC) for the EOQ. (2 decimals) Find the current inventory position (IP). Find the reorder point without safety stock R(AD). State the ordering rule. Based on the current IP, determine if the company would make an order and state the order quantity. Find the reorder point with safety stock R(ST). State the ordering rule. Based on the current IP, determine if the company would make an order and state the order quantity

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