Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

At Dot Com, a large retailer of popular books, demand is constant at 1 7 0 0 0 books per year. The cost of placing

At Dot Com, a large retailer of popular books, demand is constant at 17000 books per year. The cost of placing an order to replenish stock is $5, and the annual cost of holding is $5.00 per book. Stock is received 2 working days after an order has been placed. No backordering is allowed. Assume 325 working days a year.
Part 2
a. Dot Com's optimal order quantity is
enter your response here books. (Enter your response rounded to the nearest whole number.)
Part 3
b. The optimal number of orders per year is
enter your response here orders. (Enter your response rounded to the nearest whole number.)
Part 4
c. The optimal interval(in working days) between orders is
enter your response here days. (Enter your response rounded to one decimal place.)
Part 5
d. The demand during lead time is
enter your response here books. (Enter your response rounded to the nearest whole number.)
Part 6
e. The reorder point is
enter your response here books. (Enter your response rounded to the nearest whole number.)
Part 7
f. The inventory position immediately after an order has been placed is
enter your response here 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 with AI-Powered 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

Students also viewed these General Management questions