Question: This question is from my MGT314 course . I need help to solve this problem step by step. Question no 2 NS Electronics manufactures different

This question is from my MGT314 course .

I need help to solve this problem step by step.

Question no 2 NS Electronics manufactures different kinds of home appliances. The CEO of the company is evaluating the current policy for the production of the company's most popular air filter. The demand for the filter is 8000 units each year. The production capacity is 200 units per day. Each time production starts, it costs the company $120 to set-up the production facility. The holding cost of an air filter is $0.2 per day. (Assume there are 250 working days per year.) a) (2 Points) What is the Optimal run size? b) (2 Points) If the company produces at the optimal run size each time production starts, for how many days will the production continue? c) (2 Points) If the company produces at the optimal run size, what will be the time between the setups of consecutive runs? d) (2 Points) How many refrigerators will be in inventory when production stops? e) (2 Points) What will be the total annual cost

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