Question: please show work when solving. thanks! Doan is an Agricultural Communication Company. It produces magazines and newsletters. Doan's press purchases slick paper in 1,500 pounds
please show work when solving. thanks!
Doan is an Agricultural Communication Company. It produces magazines and newsletters.
Doan's press purchases slick paper in 1,500 pounds rolls for magazine printing. Annual demand is 2500 rolls. The cost per roll is $800, and the annual holding cost is 15 percent of the unit cost. Ordering costs for each order is $50.
a) How many rolls should Doan Press order at a time? b) How many orders will be made in a year? c) What is the total inventory holding and ordering cost for Doan?
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