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1. Inventories management The Widgets Store begins each month with 765 gadgets in stock. This stock is depleted each month and reordered. If the carrying
1. Inventories management The Widgets Store begins each month with 765 gadgets in stock. This stock is depleted each month and reordered. If the carrying cost per gadget is $27 per year and the fixed order cost is $385, what is the total carrying cost? What is the restocking cost? Should the company increase or decrease its order size? Describe an optimal inventory policy for the company in terms of order size and order frequency and resulting total inventory related costs
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