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Task 1: A Store of school supplier stocks staplers for students in its store. Annual demand for the Staplers is 6,000 units, the ordering cost
Task 1: A Store of school supplier stocks staplers for students in its store. Annual demand for the Staplers is 6,000 units, the ordering cost is AED 800, and the inventory holding cost is AED 15/unit/year. The store works for 300 days in a year. The supplier lead-time is 5 days from the order. a. What is the economic order quantity (EOQ)? b. Find the reorder point (ROP)
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