ShreCom Inventory System ShreCom is a computer retail store specializing in sales and service of computing devices.
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Question:
ShreCom Inventory System ShreCom is a computer retail store specializing in sales and service of computing devices. Past information indicates that the demand rate for the computing devices is constant. Annual demand is forecasted to be 8,100. It is further estimated that the holding cost is 5 percent of the cost of the computing device ($500 per set), and the ordering cost is $72 per order. Lead time is 1 day and the store is open 300 days per year. Analyze the inventory system for ShreCom store.
Compute the value of optimal lot size.
How many times should we place order in one year? (2 dec pl)
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