Problempet food inc a local retailer of pet food faces, Ask an Expert

Management Studies

Problem:

Pet Food Inc.: A local retailer of pet food faces demand for one of its items at a constant rate of 30,000 bags per year. It costs them $10 to process an order and $1 per bag per year to carry the item in stock. The stock is received four working days after an order is placed. Assume 300 working days in a year and no backordering.

Required:

Question 1) How often does the company place an order (1year = 300 working days)? Solve the problem and show all work.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91168857

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