Question: Bonus Tutorial MGT3075 - Operations Modelling with Spreadsheets A cake factory can produce cakes at the rate of 500 per day. The factory supplies its

Bonus Tutorial MGT3075 - Operations Modelling
Bonus Tutorial MGT3075 - Operations Modelling with Spreadsheets A cake factory can produce cakes at the rate of 500 per day. The factory supplies its cakes to local grocery stores at a rate of 250 per day. The cost to prepare the equipment for producing the cakes is $20. Annual holding costs are $2 per cake. Assume that the factory operates 250 days a year. a. What is the optimal EPQ? b. What is the optimal number of yearly setups ? c. What is the maximum inventory held in a given cycle? d. What is the total annual cost

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