Question: QUESTION 4 20 MARKS Lunas is a convenient store that purchases water from a bottling company in Ocho Rios. Lunas is opened every day

QUESTION 4 20 MARKS Lunas is a convenient store that purchases water

QUESTION 4 20 MARKS Lunas is a convenient store that purchases water from a bottling company in Ocho Rios. Lunas is opened every day except Easter Monday and Christmas Day. The demand for water is 200 bottles per day. Each bottle of water cost $100. The annual holding cost rate is 14%. Lunas ordering cost is $3,500 The lead time for the delivery is 4 days on each order. a) How many bottles of water do you recommend that Lunas order every time it places an order. 4 Marks

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