Illustrate what would be the length of an order cycle

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Reference no: EM1375828

Q. The manager of the Quick Stop Corner Convenience Store (which never closes) sells four cases of Stein beer each day. Order prices are $8.00 per order also Stein beer prices $.80 per six-pack (each case of Stein beer contains four six-packs). Orders arrive three days from the time they are placed. Daily holding prices are equal to five percent of the price of the beer. If he were to order 16 cases of Stein beer at a time, illustrate what would be the length of an order cycle?

Reference no: EM1375828

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