Question: A. Recall that we round order quantity to an integer value in this class B. Notice how the wording in the following problems indicates that

A. Recall that we round order quantity to an integer value in this class

B. Notice how the wording in the following problems indicates that production is located near the demand

A. Recall that we round order quantity to an

A chowder production facility sells the chowder in an adjoining store. Demand for the chowder is 17 gallons per day. Both the store and production facility operate 300 days per year. The company can produce 68 gallons per day. It costs $980 to setup a production run. The chowder is stored at an annual cost of $25 per gallon. The company wants to use the optimal order quantity. 3. What is the maximum inventory level? 4. How many production runs will be required each year? 5. What is the total annual carrying cost? 6. If the store places an order to the production facility for 500 gallons of chowder (not necessarily the economic order quantity), how many gallons of chowder will be sold during the order receipt period

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