GROCERY STORE PROBLEM: A local retailer of pet food faces de…

GROCERY STORE PROBLEM: A local retailer of pet food faces demand for one of its items at a constant rate of 25,000 bags per year. It costs them $10 to process an order and $2 per bag per year to carry the item in stock.  The stock is received three working days after an order is placed.  Assume 300 working days in a year and no backordering.  What is the reorder point?

GROCERY STORE PROBLEM: A local retailer of pet food faces de…

GROCERY STORE PROBLEM: A local retailer of pet food faces demand for one of its items at a constant rate of 25,000 bags per year. It costs them $10 to process an order and $2 per bag per year to carry the item in stock.  The stock is received three working days after an order is placed.  Assume 300 working days in a year and no backordering. What is the optimal order quantity (EOQ)?

GROCERY STORE PROBLEM: A local retailer of pet food faces de…

GROCERY STORE PROBLEM: A local retailer of pet food faces demand for one of its items at a constant rate of 25,000 bags per year. It costs them $10 to process an order and $2 per bag per year to carry the item in stock.  The stock is received three working days after an order is placed.  Assume 300 working days in a year and no backordering.  What is the demand during lead time assuming that there is no variability?

Jaimie run a copying service from home. They paid $3500 for…

Jaimie run a copying service from home. They paid $3500 for a copier and a lifetime service contract. Each sheet of paper used costs $0.01, and the service charges $0.05 per copy made. Let x represent the number of copies made. Express the cost C as a function of x. Express the revenue R as a function of x. Determine the value of x for which this business breaks even.