Question: A production order quantity problem has a daily production rate = 50. The monthly demand for this product is 150 units. The company operates 225

A production order quantity problem has a daily production rate = 50. The monthly demand for this product is 150 units. The company operates 225 days per year. Set-up cost are $130. Carrying cost are $40. What is the maximum inventory for this problem (answer choices shown below)? Please show work.

a. 73

b. 61

c. 118

d. 29

e. 99

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