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Jim Gilbert's Computer Store in Lake Mary sells a printer for $200. Demand is constant during the year, and annual demand is forecasted to be 600...
Jim Gilbert’s Computer Store in Lake Mary sells a printer for $200. Demand is constant during theyear, and annual demand is forecasted to be 600 units. Holding cost is $20 per unit per year, whereas thecost of ordering is $60 per order. Currently, the company is ordering 12 times per year (50 units each time).There are 250 working days per year, and the lead time is 10 days.a) Given the current policy of ordering 50 units at a time, what is the total of the annual ordering costand the annual holding cost?b) If the company used the absolute best inventory policy, what would be the total of ordering andholding costs?c) What is the reorder point?
DataDemand rate, DOrdering/Setup cost, SHolding cost, CDays of OperationDaily demand rate, dLead time in days, L 6006020 (fixed amount)2502.410 a) Given the current policy of ordering 50...