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Millennium Liquors is a wholesaler of sparkling wines. Their most popular product is the French Bete Noire 1989. Weekly demand is 45 cases. Assume demand occurs over 50 weeks per year. The wine is shipped directly from France. Millennium’s annual cost of capital is 15%, which also includes all other related costs. Below are relevant data on the cost of shipping and handling: - Purchase price (cost) per case: $120/case - Shipping cost for any size shipment: $290 - Cost of labor to place and process an order: $10 - Cost of labor to place cases into warehouse: $2/case - Cost of labor to pick a case when it is sold: $2/case - Fixed cost of refrigeration: $75/week - Variable cost of refrigeration: $3/case/week What is the reorder cycle time?
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
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Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
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