The demands for 6 periods are given below. Every time the plant produces this product, the cost of setup is $300. The holding cost is $1 per unit per period. Period 1 2 3 4 5 Demand 50 60 90 70 30 6 100 Determine the planned order releases (the batch quantity and release period) and total cost using: 1. Lot-for-lot 2. Fixed Order Quantity 3. Fixed Order Period 4. Wagner-Whitin Algorithm 5. A consultant was hired who recommended reducing the batch sizes to 10 units. How would you comment on this recommendation? What would you recommend changing to be able to reduce batch sizes