The central valve company sells industrial valves and fluid, Ask an Expert

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The Central Valve Company sells industrial valves and fluid control devices. One of Central's most popular valves is the Western, which has an annual demand of 3000 units. The price of each valve is $118, and the inventory carrying cost is $10 per unit per year. A study of the costs involved in placing an order for any of the valves that Central stocks, has concluded that the ordering cost is $25 per order.

What is the optimal annual cost of ordering and carrying inventory? Specify as a whole number by rounding Answer.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92589410

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