I need a detailed assistance to solve this problem in: Operations Analysis. 3) A chemical manufacturer produces a compound at the rate of 10,000 pounds a day over 250 days each year.  Annual demand for that compound is 600,000 pounds per year, and each pound sells for $3.90.  There is a fixed setup cost of $1,500 for each production run, and a variable cost of $3.50 for each pound produced.  The following costs are incurred: Interest rate on the cost of capital is 22% per annum (annually). Storage and handling costs amount to 12% of the compounds cost per annum. a)- What is the optimal production lot for the compound (write down the model name, its parameters and formula)? b)- Compute the uptime, downtime and cycle time in days, and find the cycle fraction of uptime and the cycle fraction of downtime (include the formula).  c)-  What are average annual holding and setup costs for the compound (include the formula)? d) - What is the annual profit for this compound?

Solve the following problem. Round dollar amounts to the nearest cent. Round other amounts to the nearest tenth. Write rates as percents to the nearest tenth of a percent.

Taylor Smith owns a small clothing company, Cuteness for You, that offers an online subscription and personal shopping service targeted at busy families with children aged newborn to five years old. Currently, Taylor has one level of subscription service, the standard service. For $100 a month, the standard service provides its customers a monthly delivery of 10 clothing items carefully chosen to match the child's size, gender, and emerging style. The online clothing subscription market is fairly new but is growing rapidly and thus Taylor is considering extending the product line to increase its market share and profits.   Taylor is debating whether to add a premium subscription service featuring profitable high-markup items for $125 per month, a basic subscription service that contains lower-markup popular items priced at $75 per month, or possibly both. Taylor knows that the new product lines provide an opportunity to attract more customers and possibly increase revenues and profit,…