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Management Studies

A large law firm uses an average of 37 boxes of copier paper a day. The firm operates 256 days a year. Storage and handling costs for the paper are $31 a year per box, and it costs approximately $64 to order and receive a shipment of paper.

a.
What order size would minimize the sum of annual ordering and carrying costs? (Round your answer to the nearest whole number.)

Order size boxes

b.
Compute the total annual cost using your order size from part a. (Round intermediate calculations and final answer to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9375049

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