Optimal order quantity is about cartons of milk

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A grocery store needs to sell 3,000 cartons of 2L 2% milk per month. The sales is relatively constant throughout the month. The owner of this grocery store purchases milk from a supplier 50 miles away for $2 per carton, and it takes a day to restock. The holding cost per carton per month is $1.5, and the ordering cost per order is about $18.5 including labor, gas and depreciation. Consider a month of 30 days. Question 1 of 3 5.0 Points The optimal order quantity is about cartons of milk, and the average inventory is about cartons. (Please round to the closest integer and include no units.)

Reference no: EM13318010

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