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Select Blanchard Vodka in quarts as an example product, and calculate the ELS for this product. 3. What would be the inventory policy that would result from this calculation?4. SUBMIT AS SHORT PAPER #8To perform an EOQ or ELS calculation you must first determine which costs should be included. List each of the costs which comprise the Unit Cost (C) and Set-up Cost (S) for Blanchard, and indicate whether or not each of the costs should be included in the calculation for EOQ(or ELS) for vodka in quarts. Include a brief reason for each answer (one or two sentences). List in setup costs: blending setup, size changeover, label changeover and order processing costs...
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