QUESTION 2 Study the information provided below and answer all questions that follow As an operations analyst at the Massmart Group, you have been tasked with analysing inventory of merchandise at a Game store in Durban. Assume that during the 2020 financial year, the aggregate demand for Samsung LED TV at the Game store was 3 200 units per quarter. During the 2020 financial year, Game charged fixed costs of R1 500 per order and the annual holding costs per Samsung LED TV were R50. The lead time associated with re-ordering the Samsung LED TVs was 3 days during the 2020 financial year. Assume a 300-working day for the 2020 financial year. REQUIRED: Using the information provided above, answer the following questions: 2.1 Calculate the number of Samsung LED TVs that the Game store should order per refill. (5 marks) 2.2 Calculate the number of orders placed by the Game store during the 2020 financial year. (3 marks) 2.3 Calculate the re-order point (in units) of Samsung LED TVs at the Game store during the 2020 financial year. (3 marks) 2.4 (3 marks) Calculate the expected time (in days) between orders of Samsung LED TVs at the Game store during the 2020 financial year. 2.5 Calculate the total holding costs of the Samsung LED TVs at the Game store during the 2020 financial year. (3 marks) 2.6 Calculate the total ordering costs of the Samsung LED TVs at the Game store during the 2020 financial year. (3 marks) QUESTION 3 Study the information provided below and answer all the questions that follow: As the operations analyst at the Massmart Group, suppose that the Massmart operations in Ghana has requested your help with forecasting the aggregate demand for a particular product sold across the Game stores in Ghana. You have retrieved from the database the sales data of the product over the twelve months of the 2020 fiscal year as shown below. Year Monthly demand ('000 units) 2020 Jan Feb Mar Dec Jul Apr May Jun Sep Aug Oct Nov 750 800 900 920 680 950 1080 742 920 705 1100 820 REQUIRED: Using the data provided above, answer the following questions (Please note that the values are in 1000s of units): 3.1 Calculate the three-month weighted moving average forecast using weights of 0.6, 0.3, and 0.1 (largest weight applies to the most recent data and smallest to the oldest data) for the period April 2020 to December 2020. 3.2 Using the forecast calculated in 3.1 above, determine the mean absolute deviation (MAD) of the forecast for the period April 2020 to December 2020. 3.3 Using the forecast calculated in 3.1 above, determine and interpret the mean absolute percent Error (MAPE) of the forecast for the period April 2020 to December 2020. (9 marks) (4 marks) (7 marks)