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Q. Operations Manager for Shadyside Savings & Loan orders cash from her home office for her very popular "BIG BUCKS" automated teller machine which only dispenses $100 bills. She approximates that this machine dispenses an average of 12,500 bills per month and that carrying a bill in inventory costs 10 percent of its value annually. She knows that each order for se bills costs $300 for clerical and armored car delivery costs and that order lead time is 6 days. If she were to order 6,000 bills at a time, illustrate what would be average monthly total costs, excluding value of bills?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9309870

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