In chapter 13, study the problem solving method of basic EOQ model, quantity discount, and reorder point with variable demand. Then solve:1) Problem 13.1; a, b, c, and d (p.582)2) Problem 13.5; a, b, c, and d (p.583)3) Problem 13.29 (p.585)
Check answers from the back of the textbook. You must show details of your calculations.
Then answer these questions in 1-2 additional pages:1. What are the assumptions of the basic EOQ model and to what extent do they limit the usefulness of the model?2. Explain in general terms how a safety stock level is determined using customer service levels.3. What are the objectives of an MRP system?4. How does MRP II differ from MRP?Put this assingment into Word or Excel and name the file “EOQ”,
APA citations and references are not required for this assignment.