Myschool notebook company uses 150000 pounds of plastic, Ask an Expert

Management Studies

MySchool Notebook Company uses 150,000 pounds of plastic pellets per year in the production of their custom 3-ring school binders. They buy the pellets at a cost of $0.75/lb delivered. They estimate that it costs them $90 to place and put away an order of pellets. They use an inventory holding rate of 20% of the cost of an item. Calculate the economic order quantity for plastic pellets for MySchool Notebook.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93091899

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