Question: a company that operates for 50 weeks in a year is concerned about its stocks of copper cable. This costs rs. 240 a meter and
a company that operates for 50 weeks in a year is concerned about its stocks of copper cable. This costs rs. 240 a meter and there is a demand for 8000 meters a week . Each replenishment costs rs. 1050 for administration and rs. 1650 for delivery , while holding costs are estimated at 25% of value held a year. assuming no shortages are allowed , what is the optimal inventory policy for the company ?
how would this analysis differ if the company wanted to maximize its profit rather than minimizing its cost . w2hat is the gross profit if the company sells the cable for 360 a meter .
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Lets break down the problem step by step to find the optimal inventory policy for the company Part 1 Determine the Economic Order Quantity EOQ Step 1 ... View full answer
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