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Leaky Pipe, a local retailer of plumbing supplies, faces demand for one of its SKUs at a constant rate of 17,000 units per year. It
Leaky Pipe, a local retailer of plumbing supplies, faces demand for one of its SKUs at a constant rate of 17,000 units per year. It costs Leaky Pipe $8 to process an order to replenish stock and $5.00 per unit per year to carry the item in stock. Stock is received 2 working days after an order is placed. No backordering is allowed. Assume 250 working days a year. a. Leaky Pipe's optimal order quantity is 233 units. (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.) Leaky Pipe, a local retailer of plumbing supplies, faces demand for one of its SKUs at a constant rate of 17,000 units per year. It costs Leaky Pipe $8 to process an order to replenish stock and $5.00 per unit per year to carry the item in stock. Stock is received 2 working days after an order is placed. No backordering is allowed. Assume 250 working days a year. a. Leaky Pipe's optimal order quantity is 233 units. (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.)
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