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Management Studies

Question: The Wheeling Pottery Store starts every month with 1200 pots in stock. This stock is depleted every month and reordered. If the carrying cost per pot is $8 per year and the fixed order cost is $90, what is the total carrying cost?

Determine the restocking cost? Should Wheeling increase or decrease its order size?

Explain an optimal inventory policy for Wheeling in terms of order size and order frequency.

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9313895

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