The manager of the Quickie Mart convenience store (which is open 350 days per year) sells...
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The manager of the Quickie Mart convenience store (which is open 350 days per year) sells six cases of Duff soda each day (2100 cases per year). Order costs are $10.00 per order. The lead time for an order is four days. Annual holding costs are equal to $36 per case. The manager typically orders 40 cases each time she places an order. If the manager orders 40 cases each time she places an order, what is the average inventory level? The manager of the Quickie Mart convenience store (which is open 350 days per year) sells six cases of Duff soda each day (2100 cases per year). Order costs are $10.00 per order. The lead time for an order is four days. Annual holding costs are equal to $36 per case. The manager typically orders 40 cases each time she places an order. If the manager orders 40 cases each time she places an order, what is the average inventory level?
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The average inventory level can be calculated using the Economic Order Quantit... View the full answer
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
Posted Date:
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