Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

the daily demand for sugar is 15 pounds, standart deviation of daily usage is 4 pounds, holding costs is 0.25$/pound, delivery lead time( days) is

the daily demand for sugar is 15 pounds, standart deviation of daily usage is 4 pounds, holding costs is 0.25$/pound, delivery lead time( days) is 4, item cost is $45 per 50 lbs bag, EOQ is 609.92, ROP is 60 lbs. The company also operates 310 days a year. Using the new sugar usage information, how often will Remarkable Cupcakes need to order sugar? How many days between orders

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

Step: 3

blur-text-image

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

Introduction To Hospitality Management

Authors: Dennis R Reynolds, Imran Rahman, Clayton W Barrows

1st Edition

1119367557, 9781119367550

More Books

Students also viewed these General Management questions

Question

What are some of the topics they study?

Answered: 1 week ago