George Thomas is in charge of overseeing an office supply store, and among the various products available, computer paper is one of them. George is aware that there will be a consistent demand for 10,000 boxes of computer paper throughout the year. The store operates for 250 working days annually, and there is a lead time of 3 days for orders to be fulfilled. The cost associated with placing an order is R30, and the holding cost for each box of computer paper per year is R15. 

What is the optimal order quantity that George should consider for each order?

Answer rating: 100% (QA)

The optimal order quantity also called the Economic Order Quantit... View the full answer