Question: 2 n d Inventory Management Problem ( 3 pts ) Emily Jones is the inventory control specialist for a company that manufactures high - end
Inventory Management Problem pts
Emily Jones is the inventory control specialist for a company that manufactures highend furniture. One of the company's topselling items, a premium dining table, has an annual demand of units. The cost of each table is $ and the inventory carrying cost is $ per table per year. The average ordering cost is $ per order. An order takes about days to arrive, and the demand for one week is units. The company operates yearround with working days per year.
a What is the optimal number of days in between any two orders consider working day per year
b What is the annual cost of ordering and holding inventory?
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