Question: CHAPTER 9 An assistant manager is reviewing the costs associated with the store s best - selling product. The data available follows. Weekly demand =

CHAPTER 9
An assistant manager is reviewing the costs associated with the stores best-selling product. The data available follows.
Weekly demand =700 units
Ordering cost = $80/order
Holding cost = $14/unit/year
(a) What would be the economic order quantity?
(b) What would be the average time in weeks between orders?
(c) What is the optimal number of orders per year?
(d) What is the total inventory cost?

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