solution
solution.
The rising popularity of bubble and squeak as a breakfast item on the menu has resulted in a steady demand for peas. Over the course of the past week, 710 patrons have ordered the hearty breakfast and each serving contains a half cup of English peas. It costs tour (4) cents to hold a half cup of peas in inventory for a year and $9 to place an order. There are 52 weeks in a year. It takes two weeks to ship a container from England loaded with peas.
1. What is the optimal order quantity?
2. What is the average inventory if they order at the optimal order quantity?
3. What is the cost of the inventory policy (excluding cost of goods) if the diner orders at the economic order quantity?
4. How many orders per year does the diner place if they order at the economic order quantity?
Save your time - order a paper!
Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines
Order Paper Now"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
