this is one question which is further divided into various subparts. Could you please explain these step by step? there should be 3 images
POQ An operations manager of a juice processing plant must determine the lot size for apple juice that has a steady demand of 1,250 litres per day. The production rate is 7,350 litres per day, setup cost is $500, annual holding cost is $0.32 per litre, and the plant operates 340 days per year. a. Determine the production order quantity (POQ), the number of orders and the time between orders. What is the total annual setup cost? What is the total holding cost per year? What is the average inventory? What is the setup time in hours, based on a $25 per hour setup labour cost? b. Determine the duration of the active production interval, t. Determine the maximum inventory. Determine demand during the production interval. c. As part of its new JIT program, the company has signed a long-term contract with its customers and the company will take orders electronically for juice. The lot size (production order quantity) will drop to 30,000 litres. Determine the new setup cost per order and the number of orders (setups). What is the total annual cost of managing the inventory with the new policy? What is the setup time in hours, based on a $25 per hour setup labour cost with the new policy? Question 54 (2 points) ~/ Saved What is the production order quantity? Your Answer: 40004 Your Answer Question 55 (1 point) What is the number of orders (number of production runs) per year? Your Answer: Your Answer Question 56 (1 point) \\/ Saved What is the time between when orders are made in working days? Your Answer: 32 ler Anqur Question 57 (1 point) J Saved What is the annual setup cost? Your Answer: 5312 Your Answer Question 58 (2 points) What is the average inventory? Your Answer: Your Answer Question 59 (1 point) What is the setup time in hours? Your Answer: Your Answer Question 60 (2 points) What is the total production interval (Le. the length of a production run) in days? Your Answer: Your Answer Question 61 (2 points) What is the maximum inventory level? Your Answer: Question 62 (1 point) What is demand during the production interval? Your Answer: Your Answer Question 63 (2 points) What is the setup cost per run of the new system? Your Answer: Your Answer Question 64 (2 points) What is the total annual cost of managing inventory with the new policy? Your Answer: Your Answer Question 65 (1 point) What is the setup time in hours for the new policy, based on a $25 per hour labour cost. Your Answer: Your
