Jimrsquos camera shop carries zodiac instant print film the, Ask an Expert

Management Studies

Jim’s Camera Shop carries Zodiac instant print film. The film normally cost Jim $3.20 per roll and sales are 20 rolls per week. He is open 5 days a week, 50 weeks, a year. His annual inventory holding cost rate is 25% and costs Nick $4 to place an order with Zodiac. Find the economic order quantity that will minimize Jim inventory costs. What are the total inventory cost? How many orders will be place during the year?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92454875

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