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Dr. Quant's is considering producing his own tutorials. Of course this would require setting up equipment and labor to print, bind and package them. With

Dr. Quant's is considering producing his own tutorials. Of course this would require setting up equipment and labor to print, bind and package them. With the demand still being 10,000 per year and holding cost still at $0.08 per packet, he estimates the setup cost to be $14.50 and he figures he can produce 400 tutorials per day. Assuming 250 working days per year, perform an POQ analysis and answer the following: 5a) What should your order size be if you want to minimize total cost? 5b) What is the approximate number of days of production for each run following a setup?

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