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Henderson Furniture sells reproductions of 1 8 th century furniture. For a particular table, the assumptions of the inventory model with backorders are valid. D
Henderson Furniture sells reproductions of th century furniture. For a particular table, the assumptions of the inventory model with backorders are valid.
D tables per year
I per year
C $ per table
Co $ per order
Cb $ per table per year
The store is open days a year.
a
What order quantity will minimize total cost? Round your answer to three decimal places.
What number of planned backorders is associated with the minimum total cost? Round your answer to three decimal places.
b
What is the maximum inventory? Round your answer to two decimal places.
c
What is the cycle time in daysRound your answer to two decimal places.
days
d
What is total cost $Round your answer to two decimal places.
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