Question 41: From the information given below about Red Diamond Almond factory, calculate the following:

• the optimal order size and total annual inventory cost minimum
• # of production runs and the time between runs
• the length of run (run length)
• inventory level maximum

Red Diamond Almond factory makes special almond butter supplied to local stores. It costs $175 every time the factory makes almond butter to set up the production process. The demand at the local stores for this almond butter is 205lbs per day. The factory can make 350lbs of almond butter per day. Annual cost: It costs $12 annually (365 days) to carry a pound of almond butter in a storage area that is refrigerated.