Solution-Optimal order size-minimum total annual inventory

Optimal order size-minimum total annual inventory

Reference no: EM13965021

Problem 1: The Wood Valley Dairy makes cheese to supply to stores in its area. The diary can make 250 pounds of cheese per day (365 days per year), and the demand at area stores is 180 pounds per day. Each time the dairy makes cheese, it costs $125 to set up the production process. The annual cost carrying a pound of cheese in a refrigerated storage area is $12. Determine the optimal order size and the minimum total annual inventory cost.

Reference no: EM13965021

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Optimal order size-minimum total annual inventory

Reference no: EM13965021

Reference no: EM13965021

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