Question: Assignment 9 - Economic Order Quantity, holding and order cost A gourmet coffee shop in LaCrosse is open 200 days a year and sells an

Assignment 9 - Economic Order Quantity, holding and order cost A gourmet coffee shop in LaCrosse is open 200 days a year and sells an average of 75 pounds of Kona coffee beans a day. (Demand can be assumed to be distributed normally with a standard deviation of 15 pounds per day. After ordering, beans are always shipped from Hawaii within exactly 4 days. Fixed cost has been determined to be $16 per order. Annual holding cost for the beans has been determined to be $3 per pound 1. What is the economic order quantity (EOQ) for Kona coffee beans? 2. What are the total annual holding costs of stock for Kona coffee beans? 3. What are the total annual ordering costs for stock for Kona coffee beans

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