Between orders in days when optimal quantity is ordered

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Pet Food Inc.: A local retailer of pet food faces demand for one of its items at a constant rate of 30,000 bags per year. It costs them $10 to process an order and $1 per bag per year to carry the item in stock. The stock is received four working days after an order is placed. Assume 300 working days in a year and no backordering. What is the reorder point? What is the optimal order quantity? The total inventory cost at EOQ is $387 - true or false? What is the time between orders in DAYS when optimal quantity is ordered? What is the demand during lead time assuming that there is no variability?

Reference no: EM131156661

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