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For the following three question ( 2 6 - 2 8 ) , consider the following situation ( Note that: Just type the number in
For the following three question consider the following situation Note that: Just type the number in the answering area: Groundz Coffee Shop uses pounds of a specialty tea weekly; each pound costs $ Carrying costs are $ per pound per week because space is very scarce. It costs the firm $ to prepare an order. Assume the basic EOQ model with no shortages applies. Assume weeks per year, closed on Mondays. How many pounds should Groundz order at a time? Question pts What is total annual cost excluding item cost of managing this item on a costminimizing basis? Question pts In pursuing lowest annual total cost, how many orders should Groundz place annually?
For the following three question consider the following situation Note that: Just type the number in the answering area:
Groundz Coffee Shop uses pounds of a specialty tea weekly; each pound costs $ Carrying costs are $ per pound per week because space is very scarce. It costs the firm $ to prepare an order. Assume the basic EOQ model with no shortages applies. Assume weeks per year, closed on Mondays.
How many pounds should Groundz order at a time?
Question
pts
What is total annual cost excluding item cost of managing this item on a costminimizing basis?
Question
pts
In pursuing lowest annual total cost, how many orders should Groundz place annually?
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