Question: QUESTION 2 Demand for a popular athletic shoe is constant at 800 pairs per week for a regional division of a national retailer. The cost

QUESTION 2

  1. Demand for a popular athletic shoe is constant at 800 pairs per week for a regional division of a national retailer. The cost per pair is $54. It costs $72 to place an order, and annual holding costs are charged at 22% of the cost per unit. What is the optimal quantity to order assuming 52 weeks in a year? Round your answer to the nearest whole number. [Hint: Remember to convert your demand to annual demand since holding costs are expressed in annual terms].

    A.

    100
    B.

    724
    C.

    98
    D.

    710

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