Question: 3 ) A production facility manufactures custom metal brackets using a batch production process. The company plans to adopt the Economic Production Quantity ( EPQ

3) A production facility manufactures custom metal brackets using a batch production process. The company plans to adopt the Economic Production Quantity (EPQ) model to optimize its inventory replenishment. The production rate is significantly higher than the usage rate, allowing inventory to accumulate during production. Annual demand: 12,000 units Setup cost per production run: $200 Holding cost per unit per year: $4 Daily production rate: 300 units Daily usage rate: 100 units Number of working days per year: 300(a) Calculate the Economic Production Quantity (EPQ) and the maximum inventory level. Round both answers to the nearest whole number. (b) Draw a flowchart that shows the steps of the EPQ replenishment cycle, from setup decision to production, inventory accumulation, consumption, and reorder trigger.( Dont upload image draw the flowchart)

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