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Millennium Liquors is a wholesaler of sparkling wines. Its most popular product is the French Bete Noire, which is shipped directly from France. Weekly demand
Millennium Liquors is a wholesaler of sparkling wines. Its most popular product is the French Bete Noire, which is shipped directly from France. Weekly demand is cases. Millennium purchases each case for $ there is a $ fixed cost for each order independent of the quantity ordered and its annual holding cost is percent. Assume weeks per year.
a What order quantity minimizes Millennium's annual ordering and holding costs?
Note: Do not round intermediate calculations. Round your answer to the nearest whole number.
tableOrder quantity,cases
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