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Nikki's Restaurant is famous for a particular ice wine and receives its wine directly from Germany. The restaurant sells 80 bottles a day25,600 bottles
Nikki's Restaurant is famous for a particular ice wine and receives its wine directly from Germany. The restaurant sells 80 bottles a day25,600 bottles a year. The cost to place an order to replenish inventory is $25.00 per order and annual inventory holding cost is equal to $2.0 per bottle. The lead time is 8 days and the restaurant open 320 days a year. Question 1. What is the optimal order size? 2. What is the optimal number of orders per year? 3. What is rhe optimal number of days between orders? 4. What is rhe reorder point?
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