What is the total annual cost of managing the inventory with this policy.
What is the total annual cost of managing the inventory with this policy.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Dicount-Mart, a major East Coast retailer,wants to determine the economic order quantity for its halogen lamps. it currently buys all halogen lamps from Speciality light manufacturers, in Atlanta. Annual demand is 2,200 lamps,ordering cost per order is $0.75, carrying cost per lamp is $20. As part of it's new JIT program, Discount-Mart has signed a long term contract with speciality lighting and will place orders electronically for its halogen lamps.
What is the total annual cost of managing the inventory with this policy.
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