1. The Kenmore Square Starbucks offers 12 different style insulted coffee cups to its customers for purchase....
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1.The Kenmore Square Starbucks offers 12 different style insulted coffee cups to its customers for purchase. The cups cost Starbucks $9.00 each.Last year, the sold 200 per month, evenly spaced throughout the year.This demand is expected to increase 10% in the future.The ordering costs for the cups is $50 per order.The holding cost rate is estimated to be 20% annually.
a)About how often will orders be placed (in weeks) using the optimal order quantity?
b)If the hat supplier offered a discount for ordering 1000 or more hats (at a cost of $8.00 per hat), how many hats should be ordered?
Related Book For
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black
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