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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
The Ziggys Bicycle Shop operates days a year, closing only on Christmas Day. The shop pays $ for a particular bicycle purchased from the manufacturer. The annual holding cost per bicycle is estimated to be of the dollar value of inventory. The shop sells an average of bikes per week. The cost for each order is $
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 days.
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