Inventory Control Notes This is a operations research question. Please take your time when answering the questions no rush and explain the answer so I can better understand The notes are stored on Google Drive and Dropbox Link 1 https://drive.google.com/file/d/1-vXHVPUOXn4yEsbJpisipM_g5jh3b77n/view?usp=drivesdk Link 2 https://www.dropbox.com/scl/fi/xsgek6k0bk62elos2dqrv/Inventory-Control-Notes-2-1.pdf?rlkey=1pks3rf5w10qjwwo0joif68ql&dl=0 Link 3 https://toffeeshare.com/c/j63BIgPoQ2 Link 4 https://we.tl/t-r45fm2gfjm

Question 3 Pegasus Engineering Plc uses circuit boards iit its electronic hand tools that it manufactures, and this usage is relatively constant throughout the year. The rm demand for the component is 5 unit per year. These circuit hoards are purchased from a supplier for $343 each. and the lead time is two [2} days. The holding cost per unit per year is 5% of the unit cost and the ordering cost per order is $30. There are 250 working days per year. Required: A. 23f3 i. Calculate the economic order quantityr (EDQ) ii. Given the E00. determine the total annual inventory cost. iii. Outline three assumptions of the EOQ Model The Firm wants to reconsider the decision of'huying the circuit boards and is considering making the circuit boards inhouse. Management has determined that setup costs would be t) and St} circuit boards could he produced in a day, once the machine has been set tip. Management estimates that the cost {including labour time and materials} ot~ producing one unit would be $28. The holding cost would be 1.3% of this cost. Required: i. What is the daily demand rate? \" ii. What is the optimal production quantity? t iii.) Given the optimal production run size what is the total annual inventory cost? {3 vi.) Given that the lead time is two days. what is the reorder point{RP}'? r\" (T