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The Operations Manager for Shadyside Savings & Loan orders cash from her home office for her very popular BIG BUCKS automated teller machine, which only
The Operations Manager for Shadyside Savings & Loan orders cash from her home office for her very popular "BIG BUCKS" automated teller machine, which only dispenses $ bills. She estimates that this machine dispenses an average of bills per month, and that carrying a bill in inventory costs percent of its value annually. She knows that each order for these bills costs $ for clerical and armored car delivery costs, and that order lead time is six days. Assuming a day month, if she were to order bills at a time, what would be the dollar value of the average inventory level?
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