Question: 2 n d Inventory Management Problem ( 3 pts ) Emily Jones is the inventory control specialist for a company that manufactures high - end

2nd Inventory Management Problem (3 pts)
Emily Jones is the inventory control specialist for a company that manufactures high-end furniture. One of the company's top-selling items, a premium dining table, has an annual demand of 5,000 units. The cost of each table is $400, and the inventory carrying cost is $25 per table per year. The average ordering cost is $45 per order. An order takes about 3 days to arrive, and the demand for one week is 100 units. The company operates year-round with 280 working days per year.
a) What is the optimal number of days in between any two orders (consider 250 working day per year)?
b) What is the annual cost of ordering and holding inventory?
 2nd Inventory Management Problem (3 pts) Emily Jones is the inventory

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