Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 11 1 pts Question 11 to 16 are based on the problem below. MamaMia's Pizza purchases its pizza delivery boxes from a printing supplier.

image text in transcribed
image text in transcribed
image text in transcribed
Question 11 1 pts Question 11 to 16 are based on the problem below. MamaMia's Pizza purchases its pizza delivery boxes from a printing supplier. MamaMia's delivers on-average 200 pizzas each month (assume deterministic demand), Boxes cost 20 cents each, and each order costs $10 to process. Because of limited storage space, the manager wants to charge inventory holding at 30 percent of the cost. The lead time is 7 days, and the restaurant is open 360 days per year, assuming 30 days per month. What is the reorder point for Mamamia's Pizza? Round your answer to the nearest whole number. Question 12 1 pts What is the unit holding cost per case per year? Round your answer to two decimals. If your answer is 1.234, round it to 1.23. Question 13 1 pts What is the optimal order quantity? Round your answer to the nearest whole number. Question 15 1 pts What is the average inventory level if applying the optimal order quantity you find? Round your answer to the nearest whole number. Question 16 1 pts What are the total annual cost (only include holding cost and ordering cost) if applying your optimal order policy? Round your answer to one decimal, for example, if your answer is 1.234, round it to 1.2; if your answer is 3.15, round it to 3.2

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Pro Database Migration To Azure Data Modernization For The Enterprise

Authors: Kevin Kline, Denis McDowell, Dustin Dorsey, Matt Gordon

1st Edition

1484282299, 978-1484282298

More Books

Students also viewed these Databases questions