A gourmet coffee shop in downtown San Francisco is open 200 days a year and sells an average of 77 pounds of Kona coffee beans a day Demand can be a standard deviation of 12 pounds per day) After c fed cost $16 per orders, beans are always delivered from Hawai in exactly 4 days. Per pound annual holding costs for the beans are d 54. Refer to the standard normal table for zvalues a) What is the economic order quantity (EOQ) for Kona coffee beans? 351 pounds (round your response to the nearest whole number b) What are the total annual holding costs of stock for Kana coffee beans? $702 (round your response to two decimal places) c) What are the total annual ordering costs for Kona coffee beans? (round your response to two decimal places)
A gourmet coffee shop in downtown San Francisco is open 200 days a year and sells an average of 77 pounds of Kona coffee beans a day Demand can be a standard deviation of 12 pounds per day) After c fed cost $16 per orders, beans are always delivered from Hawai in exactly 4 days. Per pound annual holding costs for the beans are d 54. Refer to the standard normal table for zvalues a) What is the economic order quantity (EOQ) for Kona coffee beans? 351 pounds (round your response to the nearest whole number b) What are the total annual holding costs of stock for Kana coffee beans? $702 (round your response to two decimal places) c) What are the total annual ordering costs for Kona coffee beans? (round your response to two decimal places)
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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