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QUESTION 6 Carrie needs to purchase Olive oil to make homemade salad dressings. She needs 1,100 kgs of Olive oil per day on average.
QUESTION 6 Carrie needs to purchase Olive oil to make homemade salad dressings. She needs 1,100 kgs of Olive oil per day on average. The supplier charges a $40 delivery fee per order (which is independent of the order size) and $4.60 per kg. Carrie's annual holding cost is 22%. Assume 364 days per year. If Carrie wants to minimize inventory holding and ordering costs, how much Olive oil should she purchase with each order (in kgs)? Report your answer as an integer. You must show your work/calculations.
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