kindly answer item (c) and (d) The JMT Creamery Co. produces ice-cream bars for vending machines and has anannual demand for 72000 bars. The Co. has the capacity to produce 400 bars per day.It takes only a few minutes to adjust the production set-up cost estimated at P7.50 perset up for the bars, and the firm is reluctant to produce too many at one time becausethe storage cost (refrigeration) is relatively high at P1.50 /bar/year. The firm suppliesvending machines with its buko pie ice cream bars on 360 days of the year.(a) What is the most economical number of bars to produce during any one productionrun?(b) What is the optimal length of the production run in days?(c) What is the total inventory cost?(d) What is the maximum inventory level?

Business

Operations Management

(c) What is the total inventory cost? (d) What is the maximum inventory level?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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