Part Two (24 points) Exercise (9 points) ABC Company products and commercializes olive oil. The manager forecasts that its production process will require 12. 250 tons of owes over its planning peod. Ordeng costs amount to in average of 10 per ordet while the holding cost per unit is estimated at 2. A production run that encompasses working days is considered. The delivery time is five days. 1) What are the too and the optimal number of orders interpret (2 points) 2) What is the reorder point interpret (2 points) 3) What is the expected time between two orders? Interpret (2 points) 4) ABC Company was recently approached by its supplier with a new quantity discount program. The supplier offered the following quantity discounts Quantity (9) Cost per Unit (C) 0-999 units 50.70 1000-1.599 units 0.65 1,600-1999 units 0.60 2.000-2.599 units 0155 600 units 0:50 Calculate the total inventory cost for the below range of order quantity. Interpretpoints) Quantity (0) Total inventory costs Order costs Holding costs Purchase costs 300 350 1,500 1,800 2.000 2.500 2700 3,000 E