Question: Please write a story when you answer it. Design your own inventory management problem with the required input data and answer the followinestions a. What

Please write a story when you answer it.
Design your own inventory management problem with the required input data and answer the followinestions a. What is the optimal order size? b. What is the optimal number of orders. per year? c. What is the optimal number of days between orders? d. What is the annual inventory cost? e. If the lead time were x days/weeks/months, what would be the reorder point? f. For what value of ordering cost would y units of order size be optimal? *Determine unit of time, X, Y, and all required input data by youtself depending on your problem randomly and rationally. (no production, no discount)Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
