Define the data, uncontrollable inputs, and deci-sion variables that influence total inventory cost. 2. Develop mathematical functions that compute the annual ordering cost and annual holding cost...

Define the data, uncontrollable inputs, and deci-sion variables that influence total inventory cost. 2. Develop mathematical functions that compute the annual ordering cost and annual holding cost based on average inventory held throughout the year in order to arrive at a model for total cost.