Determine the optimal order quantity and total annual inventory cost for cups in Problem 34 if the carrying cost is 5% of the price of a box of cups.
Answer to relevant QuestionsIf the maximum operating capacity of Evergreen Fertilizer Company described in Problem 4 is 120,000 pounds of fertilizer per month, determine the break-even volume as a percentage of capacity.Kim Davis has decided to purchase a cellular phone, but she is unsure about which rate plan to select. The “regular” plan charges a fixed fee of $55 per month for 1,000 minutes of airtime plus $0.33 per minute for any ...The amount of denim used daily by the Western Jeans Company in its manufacturing process to make jeans is normally distributed, with an average of 3,000 yards of denim and a standard deviation of 600 yards. The lead time ...The daily demand for Sunlight paint at the Rainbow Paint Store in East Ridge is normally distributed, with a mean of 26 gallons and a standard deviation of 10 gallons. The lead time for receiving an order of paint from the ...Burlingham Mills produces denim cloth that it sells to jeans manufacturers. It is negotiating a contract with Troy Clothing Company to provide denim cloth on a weekly basis. Burlingham has established its monthly available ...
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