Problem 6 Cannes Croissants (not a real company) wishes to determine the optimum production quantity for its top selling product, almond croissants. The annual demand for almond croissants is 12,000 units. The setup costs for a production run of the croissants is US$15. The holding cost per unit per year is US$0.50. Production is most efficient when 80 croissants are produced per day. The company operates 300 days during a year. a What is the economic production quantity (EPQ)? b How many production runs will there by per year? c What is the maximum inventory level? d What is the total annual cost (in US dollars)? e What is the length of a production run in days?

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