Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

At Dot Com, a large retailer of popular books, demand is constant at 18,700 books per year. The cost of placing an order to replenish

image text in transcribed
At Dot Com, a large retailer of popular books, demand is constant at 18,700 books per year. The cost of placing an order to replenish stock is $75, and the annual cost of holding is $5.00 per book. Stock is received 12 working days after an order has been placed. No backordering is allowed. Assume 275 working days a year. a. Dot Com's optimal order quantity is books. (Enter your response rounded to the nearest whole number.) b. The optimal number of orders per year is orders. (Enter your response rounded to the nearest whole number.) c. The optimal interval (in working days) between orders is days. (Enter your response rounded to one decimal place.) d. The demand during lead time is books. (Enter your response rounded to the nearest whole number.) e. The reorder point is books. (Enter your response rounded to the nearest whole number.) f. The inventory position immediately after an order has been placed is books. (Enter your response rounded to the nearest whole number.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Fundamentals

Authors: Robert N. Lussier

9th Edition

154438419X, 978-1544384191

More Books

Students also viewed these General Management questions