Determine optimal order size that store will issue to plant

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Reference no: EM132229504

ABC Discount Carpets manufactures Cascade carpets, which is sold in its adjoining showroom store near the interstate. Estimated annual demand is 20,000 yards of carpet with an annual carrying cost of $2.75 per yard. The manufacturing facility operates the same 360 days the store is open and produces 400 yards of carpet per day. The cost for setting up the manufacturing process for a production run is $720. The produced carpet will be immediately delivered to the store after production. Display 2 decimal places for calculations and round up for numbers more than 5 in the third decimal place.

A) Determine the optimal order size that the store will issue to the plant

B) Determine the minimum annual inventory cost in store (excluding the purchase cost?)

C) Determine the length of production run in days for each order.

Reference no: EM132229504

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