Question: . [ 2 0 points ] A Manufacturing Company makes flashing lights for toys. The company operates its production facility 3 0 0 days per
points A Manufacturing Company makes flashing lights for toys. The company operates its
production facility days per year. It has orders for about flashing lights per year and
has the capability of producing per day. Setting up the light production costs $ and the
holding cost is $ per light per year.
a What is the optimal production quantity during the production run?
b What is the total inventory cost per year?
c What is the length of production run in days?
d What is the maximum inventory level?
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