Lulu hypermarket estimates daily demand of 16.25 kgs for a product. It costs RO 100 to make and receive an order, and it takes 16 workdays to receive it. The annual holding cost is 25 % of purchase price. The price RO 2 per kg. The company is operating 6 days per week, and a total of 240 workdays per year. What is the minimum annual total holding and ordering cost in RO? Round-up to the nearest integer O a. 649 O b. None is correct O c. 104 O d. 152 O e. 625

Lulu hypermarket estimates daily demand of 16.25 kgs for a product. It costs RO 100 to make and receive an order, and it takes 16 workdays to receive it. The annual holding cost is 25 % of purchase price. The price RO 2 per kg. The company is operating 6 days per week, and a total of 240 workdays per year. What is the minimum annual total holding and ordering cost in RO? Round-up to the nearest integer O a. 649 O b. None is correct O c. 104 O d. 152 O e. 625

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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