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Q3- Optimal order size The company also sells tennis shirts for men and women. Annual demand, order cost (sum of both common order cost and

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Q3- Optimal order size The company also sells tennis shirts for men and women. Annual demand, order cost (sum of both common order cost and product-specific order cost), product cost, and inventory-holding cost of each product are summarized in Table 2. Table 2: Ordering and inventory-holding cost Tennis shirts for men Tennis shirts for wome Annual demand (units per year) Order cost ($) Cost of product ($ per unit) Inventory-holding cost (% of product cost) DM 2000 SM 50 CM 40 hM-5096 Dw 3000 Sw-50 Gw = 60 hw-5096 (1) Suppose that each product is ordered separately. For each product, calculate optimal order size (lot size), cycle inventory, order frequency, annual ordering cost, and annual inventory-holding cost. Enter the answers in the table below Answers Tennis shirts for men Tennis shirts for women Optimal order size (units per order) Cycle inventory (units) Order frequency (per year) Annual ordering cost ($ per year) Annual inventory-holding cost ($ per year)

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