TEXAS CORPORATION - UNDERWATER VIDEO CAMERA

TEXAS Corporation manufactures underwater video cameras. TEXAS Corporation has a favorite model (TEXAS Lumix Pro) that has annual sales of 145. The cost to place an order to replenish inventory is $25 per order, and annual inventory holding cost per unit is $20. Assume the store is open 350 days per year.

Task 1.What is the optimal order size?

Task 2. What is the optimal number of orders per year?

Task 3. What is the optimal number of days between orders?

Task 4. Find ROP, (Assume Lead time in days and mention it as assumption)

Task 5. What is the annual holding and setup cost?