Question: Question 27 (2 points) Saved Tires R Us orders 1,000 of their Snow Gripper tires at a time. Daily demand is 200 tires per day.

Question 27 (2 points) Saved Tires R Us orders
Question 27 (2 points) Saved Tires R Us orders 1,000 of their Snow Gripper tires at a time. Daily demand is 200 tires per day. The cost of placing an order to replenish stock is $50, and the annual cost of holding is $8 per tire. Each tire costs Tires R US $55 and they retail them for $95. Stock is received 5 working days after an order has been placed. No backorders are allowed. Assume 300 working days per year. The desired service level is 90%. What is the holding cost? Answer to 2 decimal places. Your Answer: Your

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