Answered step by step
Verified Expert Solution
Question
1 Approved Answer
At Dot Com, a large retailer of popular books, demand is constant at 2 0 , 4 0 0 books per year. The cost of
At Dot Com, a large retailer of popular books, demand is constant at books per year. The cost of placing an order to replenish stock is $ and the annual cost of holding is $ per book. Stock is received working days after an order has been placed. No backordering is allowed. Assume 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.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started