Victor sells a line of upscale evening dresses in his boutique. He charges $ 300 per dress,
Question:
a. Compute Victor’s total annual cost of ordering and carrying inventory.
b. If he wishes to minimize his annual cost, when and how much should Victor order in each batch? What will be his annual cost?
c. Compare the number of inventory turns under the current and proposed policies.
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Victors data flow unit one dress flow rate R 30 unitswk purchase cost C 150unit order lead time L 2 ...View the full answer
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Related Book For
Managing Business Process Flows Principles of Operations Management
ISBN: 978-0136036371
3rd edition
Authors: Ravi Anupindi, Sunil Chopra, Sudhakar Deshmukh, Jan Van Mieg
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