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Problem 6. Part-period balancing, Moonlander bicycles. The Surly Moonlander bicycle has a price of $1,900, and its annual holding cost is 5% of its price.

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Problem 6. Part-period balancing, Moonlander bicycles. The Surly Moonlander bicycle has a price of $1,900, and its annual holding cost is 5% of its price. The ordering cost is $400 each shipment, regardless of quantity. The central distribution center has the following requirements on the following days of the year: Day Requirement 116 100 119 130 121 200 126 100 140 150 1 Materials Planning In time conversions, consider that a year has 365 days. a. What is the annual holding cost per bicycle? b. What is the annual rate of demand for this period? c. At this rate of demand, what is the optimal lot size using the EOQ model? d. Calculate the alternative cumulative lot sizes, the holding cost for each of them, and the total cost per unit for each lot size, including ordering and holding. e. How many bicycles should the distributor order now

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