Hi, i have a homework on inventory models, how much to order decision, when to order decisions. A hospital shows the ff actual purchases of Cefuroxime in the hospital pharmacy in the past year shown on table. Month Purchases of cefuroxime( no. of capsules) January 49 feb 54 march 49 apr 48 may 47 june 52 july 50 aug 53 sept 46 oct 50 nov 51 dec 49 The hospital is spending money to store cefuroxime in the pharmacy storage room. See next table year ave. inventory of cefuroxime cost in holding cefuroxime in storage rm.(pesos) 2010 100 50 pesos 2011 98 50 pesos 2012 95 51 2013 98 49 2014 105 52 Also, it costs 38 pesos to make an order regardless of the volume of cefuroxime. QUESTIONS 1. find the economic order quantity and the minimum total cost using a. trial and error method b. graphical method c. exact method(calculus) 2. how many orders are made per year based on this EOQ ( economic order quantity) model 3. if the hospital works 24/7 or 24 hrs /day everyday, what is the cycle time of ordering cefuroxime? 4. if the lead time is 1 day , what is the reorder point