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Economic order quantity model

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Reference no: EM131419906

Appliance for less is a local appliance store. It costs this store $19.13 per unit annually for storage, insurance etc. to hold microwave in their inventory. Sales this year are anticipated to be 562 units. each order costs $94. The company is unsing economic order Quantity Model in placing orders.

It takes approximately 6 day(s) to receive an order after it has been placed. If the store insists on a 6day(s) safety stock (assume 365-days a year), what should the inventory be when a new order is placed?

Round the answer to whole number

Reference no: EM131419906

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