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please show step by step process Nonllnear model A tire store sells approximately 100 tires of a certain make and model in a year. Annual

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Nonllnear model A tire store sells approximately 100 tires of a certain make and model in a year. Annual holding cost is $16 per tire and ordering cost is $20 per order. Determine the order quantity Q that minimizes annual ordering and holding cost (TC), i.e., the economic order quantity (EOQ). Q has to be between 4 and 36. From coMM205,TC=$20(100/Q)+$16(Q/2)=$2000/Q+$8Q TC is a nonlinear function of Q. The nonlinear model is Minimize 2000/Q+8Q subject to 4Q36 a. This problem has been formulated as a spreadsheet model below. Enter the formula for the Total cost and an appropriate Trial value for Q. b. Enter the model in the Solver Parameters window, tick 'Use Multistart' (in Options then GRG Nonlinear), and use GRG Nonlinear method to solve the model. c. Determine the Total cost between Q=4 and Q=36, in steps of 4 , using one-way Data Table. d. Chart the Total cost using line chart with markers. Add appropriate Axis Titles. Use the chart to check that the optimal value of Q in fact, minimizes TC

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