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2 - The Ziggys Bicycle Shop operates 3 6 4 days a year, closing only on Christmas Day. The shop pays $ 4 0 0

2- The Ziggys Bicycle Shop operates 364 days a year, closing only on Christmas Day. The shop pays $400 for a particular bicycle purchased from the manufacturer. The annual holding cost per bicycle is estimated to be 20% of the dollar value of inventory. The shop sells an average of 20 bikes per week. The cost for each order is $225.
Determine the optimal order quantity, optimal number of orders, order cycle time, and the total minimum cost.
Determine reorder point if the lead time to receive every order is 6 days.
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