The demand for an organic item in whole foods market store, Ask an Expert

Management Studies

The demand for an organic item in whole foods market store in montclair is constant at 10 units a week. The fixed order cost is $4.50 with no lead time. The holding cost equals to 15% of inventory value annually. The item cost $1.5 each and sell for $5.00. A. How many mugs should be ordered in order to minimize the total cost? B. What is the total cost?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92030313

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