Question: Fixed Order Quantity with Certainty Scenario Note: the data shown below will be used for the following 4 questions: Monthly demand = 3 , 0

Fixed Order Quantity with Certainty Scenario
Note: the data shown below will be used for the following 4 questions:
Monthly demand =3,000 units
Cost of capital =20%
Cost to place an order = $200
Storage space cost =2%
Value of one unit of inventory = $50
Insurance on inventory =1%
Property tax on inventory =1%
Lead time =5 days
Inventory risk =1%
Days in a year =365

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