Question

AV City stocks and sells a particular brand of laptop. It costs the firm $625 each time it places an order with the manufacturer for the laptops. The cost of carrying one laptop in inventory for a year is $130. The store manager estimates that total annual demand for the laptops will be 1500 units, with a constant demand rate throughout the year. Orders are received within minutes after placement from a local warehouse maintained by the manufacturer. The store policy is never to have stockouts of the laptops. The store is open for business every day of the year except Christmas Day. Determine the following: i. Optimal (Economic) order quantity ii. Minimum total annual inventory costs iii. The number of orders per year iv. The time between orders (in working days

Answer 1

Answer:

Big question. not sure about it.