Computer Science Flag A company stocks an item that is consumed at the rate of 60 units per day. It costs the company $25 each time an order is placed. An inventory unit held in stock for a week will cost $.36. (a) Determine the optimum inventory policy, assuming a lead time of 2 weeks. (b) Determine the optimum number of orders per year (based on 365 days per year).

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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Computer Science Flag A company stocks an item that is consumed at the rate of 60 units per day. It costs the company $25 each time an order is placed. An inventory unit held in stock for a week will cost $.36. (a) Determine the optimum inventory policy, assuming a lead time of 2 weeks. (b) Determine the optimum number of orders per year (based on 365 days per year).
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