Question: The Olde Town Microbrewery makes Townside beer, which it bottles and sells in its adjoining restaurant and by the case. It costs $1,700 to set

The Olde Town Microbrewery makes Townside beer,

The Olde Town Microbrewery makes Townside beer, which it bottles and sells in its adjoining restaurant and by the case. It costs $1,700 to set up, brew, and bottle a batch of the beer. The annual cost to store the beer in inventory is $1.30 per bottle. The annual demand for the beer is 20,010 bottles and the brewery has the capacity to produce 34,500 bottles annually. (a) Determine the optimal order quantity, total annual inventory cost, the number of production runs per year, and the maximum inventory level. (Round answer to 2 decimal places, e.g. 52.75.) Optimal order quantity Total annual inventory cost Number of production runs per year Maximum inventory level

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