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1. A grocery store carries a particular brand of coffee that has the following characteristics:

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1. A grocery store carries a particular brand of coffee that has the following characteristics;Sales = 8 cases per week;Ordering cost = $10 per order;Carrying charge = 20 % per year;Item cost = $80 per case;a. How many cases should be ordered at a time?;b. How often will coffee be ordered?;c. What is the annual cost of ordering and carrying coffee?;d. What factors might cause the company to order a larger or smaller amount than the EOQ?

 

Paper#30828 | Written in 18-Jul-2015

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