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Hershey Company Uses Quantitative Models for Inventory Control

Question 39

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Hershey Company uses quantitative models for inventory control.For canned syrup, the annual demand is 8,000 cases.The supplier is 500 miles away, and it usually takes three days to get an order filled.The average order costs $16 to process and the carrying cost per case is $40 per year.The store is open 300 days a year.
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Hershey Company uses quantitative models for inventory control.For canned syrup, the annual demand is 8,000 cases.The supplier is 500 miles away, and it usually takes three days to get an order filled.The average order costs $16 to process and the carrying cost per case is $40 per year.The store is open 300 days a year. Required:

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