1. Your boss recently attended a seminar where he learnt of fixed interval order policy and liked it. And he asks you to use information of Problem 2 above and compute the following if you count inventory every 4 weeks and place orders for potatoes:

A.Risky period (2)

B. Safety stock. (10)

C. Maximum and minimum inventory (8)

D. Annual inventory holding and replenishment costs (10)

E. Your order size if your stock at hand on the day of ordering is 5,000 bags. (10)