A toy manufacturing uses 48000 rubber wheels per year for itspopular dump truck series. The firm makes its own wheels, which itcan can produce at a rate of 800 per day. The toy trucks areassembled uniformly ( at a constant rate ) over the entire year.Carrying cost is $ 1 per wheel per year. setup cost for theproduction run of the wheel is $ 45. The firm operatyes 240 daysper year. Determine each of the following: a. production part ofthe cycle b. average inventory level c. optimal production runsize
