Please answer in 30 mins. only if you are 100% sure. A local farmer has requested the business 351 classto help him determine the optimal level forproduction of organic fertilizer for commercialfarmers which is created by a blend of pig, cow andhorse manure. The farm operates 255 days per year,but due to the natural process can only produce 300pounds of finished fertilizer per day. The annualdemand for fertilizer is 53,550 pounds. The farmerhas determined that the cost of an order is $250.00and the annual holding cost is six hundred dollarsper 100 pounds. (round to 2 decimals forcalculations) * hint – you need holding cost perpound. Hint – some of these answers can be seen inthe problem example and some in the in chaptersolution. Determine the following: a. The optimalorder size b. The total annual inventory costs c.Number of operating days between orders (timebetween run starts) d. The number of operatingdays to fill an order (run length) e. Maximuminventory level f Number of production runs

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Answered: solution. Determine the following: a.…

solution. Determine the following: a. The optimal order size b. The total annual inventory costs c. Number of operating days between orders (time between run starts) d. The number of operating

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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