Business, 02.11.2020 16:50 ayoismeisalex

QUESTION 1 The same scenario will be used for questions 21-30. Demand for a specific design of dining sets has been fairly large in the past several years and Statewide Furnishings, Inc. usually orders new dining sets 10 times a year. It is estimated that the ordering cost is $400 per order. The carrying cost is $50 per unit per year. Furthermore, State Wide Furnishings, Inc. has estimated that the stock out cost is $120 per unit per year. Based on forecast, the annual demand is 600 units. State Wide Furnishings, Inc. has 350 working days in a year and its lead time is 14 working days. Assume the inventory policy of Statewide Furnishings, Inc. does not allow stock out. Determine the economic order quantity. 117 98 34 24 None of the above

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QUESTION 1 The same scenario will be used for questions 21-30. Demand for a specific design of dinin...

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