What is the optimal order quantity for paperclips at their Bethesda store? (b) Assuming 50 weeks in a year, how many times a year should the paperclips be ordered
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Clips, a competitor of Staples, is a national chain that provides office supplies to small businesses. Maya, who is the store manager at the Bethesda store, is also responsible for the store’s replenishment functions. Maya is interested in establishing a standard replenishment policy for some of her steady, non-seasonal products of which paperclips is one. Paperclips sell in small boxes that contain two hundred units. Maya estimates that Clips Bethesda sells 100 boxes of paperclips in a typical week and that the purchase price for Clips per box of paperclips is $2.00. The fixed ordering cost any time an order is placed is $20. Maya also estimates a nominal holding cost of $0.10 per box per week.
(a) What is the optimal order quantity for paperclips at their Bethesda store?
(b) Assuming 50 weeks in a year, how many times a year should the paperclips be ordered?
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- Rajan, a customer of Jacky's looking for a Radio set. Rajan is particularly interested in purchasing a Radio, according to Michelle, the sales manager for the consumer electronics department at the cheap retailer. He informs Jacky, the salesperson at the cheap store where he believes he will get the best bargain, that his old radio recently died and he is desperate to listen up on his favourite songs. The sooner he can purchase and receive a replacement radio, the better, he explains. Jacky is aware that in three and a half weeks, the model Rajan appears to prefer significantly more than the others will go on sale for 10% off. He suspects, though, that Rajan is not willing to wait that long and may seek employment elsewhere. Additionally, Jacky will get less commission on the discounted price. As a result, he concludes that notifying Rajan of the planned sale makes little sense. When Jacky informs Rajan that the radio set, in which he is interested is now unavailable and will not be…Rajan, a customer of Jacky's looking for a Radio set. Rajan is particularly interested in purchasing a Radio, according to Michelle, the sales manager for the consumer electronics department at the cheap retailer. He informs Jacky, the salesperson at the cheap store where he believes he will get the best bargain, that his old radio recently died and he is desperate to listen up on his favourite songs. The sooner he can purchase and receive a replacement radio, the better, he explains. Jacky is aware that in three and a half weeks, the model Rajan appears to prefer significantly more than the others will go on sale for 10% off. He suspects, though, that Rajan is not willing to wait that long and may seek employment elsewhere. Additionally, Jacky will get less commission on the discounted price. As a result, he concludes that notifying Rajan of the planned sale makes little sense. When Jacky informs Rajan that the radio set, in which he is interested is now unavailable and will not be…Rajan, a customer of Jacky's looking for a Radio set. Rajan is particularly interested in purchasing a Radio, according to Michelle, the sales manager for the consumer electronics department at the cheap retailer. He informs Jacky, the salesperson at the cheap store where he believes he will get the best bargain, that his old radio recently died and he is desperate to listen up on his favourite songs. The sooner he can purchase and receive a replacement radio, the better, he explains. Jacky is aware that in three and a half weeks, the model Rajan appears to prefer significantly more than the others will go on sale for 10% off. He suspects, though, that Rajan is not willing to wait that long and may seek employment elsewhere. Additionally, Jacky will get less commission on the discounted price. As a result, he concludes that notifying Rajan of the planned sale makes little sense. When Jacky informs Rajan that the radio set, in which he is interested is now unavailable and will not be…
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