Leaky Pipe, a local retailer of plumbing supplies, faces demand for one of Its SKUs at a constant rate of 30,000 Units per year. It costs Leaky Pipe $10 to process an order to replenish stock and $1 per unit per year to carry the item in stock. Stock is received four working days after an order is placed. No backordering is allowed Assume 300 working days a year.;a. What is Leaky Pipe?s optimal order quantity?;b. What is the optimal number of orders per year?;c. What is the optimal interval (In working days) between orders?;d. What is the demand during the lead time?;e. What is the reorder point?;f. What Is the Inventory position immediately after an order has been placed?
Paper#26124 | Written in 18-Jul-2015Price : $46