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A local cement manufacturing factory produces cement bags, and each bag is 100 kg in weight. The daily demand 20,000 kgs per day. The company produces daily at a rate of 10 percent more than the daily demand. Assuming there are 250 workdays, the setup cost is 200 OMR and the annual holding cost is 1 OMR per kg. What is the optimal total cost of setup and inventory holding? Round-up to the nearest integer O a None is correct O b. 14500 Oc13143 Od 141143 e 14122 Alocal retailer anticipates a daily demand of SO units of a product. The retailers] allows shortages for that product, and these shortages are backordered at a rate of 2 times the annual unit holding cost per unit backordered. The cost of ordering is 200 OMR, whereas , the annual holding cost is 1 OMR per unit. The retailer operates 300 days per year. What is the optimal time between two consecutive order in days? Round-up to the nearest integer O a. 65 O b. 45 Oc50 od 60 Oe. None is correct