Find the optimal order quantity, Applied Statistics

The Maju Supermarket stocks Munchies Cereal. Demand for Munchies is 4,000 boxes per year and the super market is open throughout the year. Each box costs $4 and it costs the store $60 per order of Munchies, and it costs $0.80 per box per year to keep the cereal in stock. Once an order for Munchies is placed, it takes 4 days to receive the order from a food distributor.

a. Find the optimal order quantity.

b. Find the total inventory cost associated with the optimal order quantity.

c. What is the reorder point?

d. What is the cycle time?

Posted Date: 8/12/2013 6:26:54 AM | Location : United States







Related Discussions:- Find the optimal order quantity, Assignment Help, Ask Question on Find the optimal order quantity, Get Answer, Expert's Help, Find the optimal order quantity Discussions

Write discussion on Find the optimal order quantity
Your posts are moderated
Related Questions
Grouped data  For grouped data, the formula applied is  σ = Where f = frequency of the variable, μ= population mea

Active Control Equivalence Studies (ACES) Clinical trials the field in which the object is easy to show that the new treatment is  as good as the existing treatment. Such type

A sample of 43 houses that were purchased in the Southern California town Monrovia within a month was collected. We are interested in the study of the relationships between Price a


We are interested in assessing the effects of temperature (low, medium, and high) and technical configuration on the amount of waste output for a manufacturing plant. Suppose that

Angle Count method The method for estimating the proportion of the area of a forest which is in fact covered by the bases of trees. An observer goes to each of the number of po


how do i determine the 40th percentile in an ogive graph

Question: The weights of 60 children born to mothers in a small rural hospital were recorded. 3.63 3.54 3.15 3.90 4.29 4.06 2.91 3.36 3.3

Ask question #MinimumA wedge is small piece of material having two of their opposite faces not parallel. To lift block of weight W, it is pushed by horizontal force P which lifts t