Essay
Joe's Camera shop has a favorite model that has annual sales of 145. The cost to place an order to replenish inventory is $25 per order, and annual inventory costs are $20. Assume the store is open 350 days per year.
a. What is the optimal order size?
b. What is the optimal number of orders per year?
c. What is the optimal number of days between orders?
d. What is the annual inventory cost?
Correct Answer:
Verified
a. The optimal order size is Q* = 
= 19....View Answer
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Correct Answer:
Verified
= 19....View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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