Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Ready Tees, an online retailer of t-shirts, orders 100,000 t-shirts per year from its manufacturer. The carrying cost is $0.10 per shirt per year. The
Ready Tees, an online retailer of t-shirts, orders 100,000 t-shirts per year from its manufacturer. The carrying cost is $0.10 per shirt per year. The order cost is $500 per order. What is the optimal order quantity for the t-shirt inventory (rounded to the nearest dollar)?
31,623 |
1,581 |
8,333 |
15,841 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started