Inventory ManagementPart a:Greens Grower a local nursery uses 1560 bags of plant

Inventory ManagementPart a:Greens Grower a local nursery uses 1560 bags of plant food annually.
Green Grower works 52 weeks per year. It costs $10 to place an order
for plant food. The annual holding cost rate is $5 per bag. Lead time is
one week.Determine the most cost-effective ordering policy.Part b:Tax Preparers Inc. works 250 days per year. The company uses adding
machine tape at a rate of 8 rolls per day. Usage is believed to be
normally distributed with a standard distribution. The cost of ordering
the tape is $10 and holding costs are $0.30 per roll per year. Lead time
is two days.
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