Question: * Please show all work and formula and units. The weekly demand for crabs at a restaurant is 100 units. The annual inventory carrying cost
* Please show all work and formula and units.
The weekly demand for crabs at a restaurant is 100 units. The annual inventory carrying cost
for the crab is $10 per unit. The ordering cost for one order of any size is $50 , and the time between
ordering and receipt is one week. At what inventory level should they place their orders? What is the
optimal order quantity, and how many times a year do they need to place an order?
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