Gentle ben's bar and restaurant uses 5,000 quart bottles of an imported wine each year. the effervescent wine costs $3per bottle and is served only in whole bottles because it loses its bubbles quickly. ben figures that it costs $10 each time anorder is placed, and holding costs are 20 percent of the purchase price. it takes three weeks for an order to arrive. weeklydemand is 100 bottles (closed two weeks per year) with a standard deviation of 30 bottles. ben would like to use an inventory system that minimizes inventory cost and will provide a 95 percent service probability. a. what is the economic quantity for ben to order? b. at what inventory level should he place an order?

answer; i believe that the correct answer is (d); the business benefits because owners can share responsibilities;

15 1/2 years old in california

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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