Final exam - operations management - Wells, Elizabeth.xlsx - Excel File Home Insert Page Layout Formulas Data Review View Tell me what you want to do... Elizabeth Wells Share x Cut Copy General ConditionalFormatasFormatting-Table Font Alignment L29 C Instructions: (10 - Points) Answer the following questions to the best of your ability. Using the following information find the EPQ for a product. AnnualDemand=Daysperyearofoperation=Setupcosts=Holdingcosts=ProductionRateperday=900030014002050 1 What is the economic production quantity? 2 What is the maximum inventory level for this optimum production quantity? 3 How many production setups would there be in a year? 4 What is the optimal length of a production run in days? 5 What would be the savings in annual inventory cost if holding costs can be reduced to 18 per unit per year? \begin{tabular}{l|l|l|l|l|l|l|l|l|l|} Cover & Multiple Choice & Problem 31 & Problem 32 & Problem 33 & Problem 35 & Problem 36 & Problem 37 \end{tabular} Ready Circular References 86F Sunny Search (1) w x Sort \& Find \& Filter - Select - Editing