A local supermarket sells a popular brand of shampoo at a, Ask an Expert

Management Studies

A local supermarket sells a popular brand of shampoo at a fairly steady rate of 380 bottles per month. The cost of each bottle to the supermarket is 45 cents, and the cost of placing an order has been estimated at $8.50. Assume that holding costs are based on a 25 percent annual interest rate. Stock-outs of the shampoo are not allowed.

Determine the optimal time between placements of orders for this product.

Find the total annual cost of set up and holding.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92599610

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