Discuss the below in detail:
Q: Suppose that Westside Auto with D= 12,000 units per year, Cb= $0.50, and CO= $25 , decided to operate with a backorder inventory policy. Backorder costs are estimated to be $5 per unit per year. Identify the following:
e) Minimum cost order quantity
f) Maximum number of backorders
g) Maximum inventory
h) Cycle time
i) Total annual cost