DC manufactures ADK carpet which sells in an adjoining showroom (cozy space, log fire, comfy chairs, Old Mountain Coffee roasted coffee). Annual demand is 20,000 yards of carpet with an annual carrying cost of $2.75/yard. DC operates (and the showroom is open) 360 days and produces 400 yards of carpet per day. The cost of setting up each production run is $720. Determine the optimal production order size, total inventory cost, the length of time to receive an order, and maximum inventory level. The GF Medical Device Corporation (located in beautiful Granville) purchases a critical component from one of its key suppliers. The operations manager wants to determine the EOQ, along with when to reorder, to ensure that total annual inventory cost is minimized. The OM utilizes the following GF MDC data in her calculations: Annual component requirements (7,200), ordering cost ($100/order), holding cost (20%), component cost ($20 / unit), and MDC operates 360 days/year, and an order lead time of 6 days. Wild Bear (what is it with all of these North Country corporations?) manufactures a critical component internally using the most advanced technology. The operations manager wants to determine the economic production quantity to ensure that the total annual inventory cost is minimized. The daily production rate for the component is 200 units, annual demand is 18,000 units, production run setup is $100/setup, and the annual holding cost is 25%. The plant operates year round (360 days/year) and the manager estimates that the total cost of a finished component is $120