Question: You must probably remember Max from week 4 who opened Max's Slice in Kendall Square last year to cater to the nearby MIT student population.

You must probably remember Max from week 4 who

You must probably remember Max from week 4 who opened "Max's Slice" in Kendall Square last year to cater to the nearby MIT student population. Max's reputation has skyrocketed and he is planning to open branches in Zaragoza, Spain and Kuala Lumpur, Malaysia next year. Now that the demand in his Kendall Square store has somewhat stabilized, he has decided to take a closer look to his costs and minimize his total inventory cost. Max orders frozen pizza crust from a local organic baker who charges him $1.25 for each pizza pie crust. The frozen crusts can last up to 8 weeks in Max's freezer. The holding cost is 20%. Max pays his supply chain intern from MIT $7.50 per hour and this intern can place an order of any size to the baker in 15 minutes. The additional cost of placing an order (including materials and overhead) is $15.00 per order regardless of the size of the order. Records show, weekly pizza sales as follows and, of course, Max uses one pizza crust for each pizza he sells. Weekly Pizza Sales Week Sales(units) 1 2 3 4 5 475 515 525 500 485 Part 1 O points possible (ungraded) Assume that the average demand over the last five weeks will be the forecast going forward. How many pizza crusts should Max order from the baker? Round to the nearest integer value. Part 2 O points possible (ungraded) Using the Q* from the first part, how many orders does Max expect to place over a year? Enter an integer value for your answer. Submit You have used 2 of 3 attempts Save Show answer Part 3 Opoints possible (ungraded) What is your order cycle time, i.e. number of days between orders? Assume 365 days in a year and enter your answer with one deicmal place. For example, if your answer is 1.597 then enter 1.6

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