Total annual cost of holding and ordering inventory of flour

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1. A large bakery buys flour in 50-pound bags. The bakery uses an average of 5805 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $12.6 per order. Annual carrying costs are $6.2 per bag. The bakery holds 36 bags of flour in inventory as safety stock. What is the total annual cost of holding and ordering inventory of flour?

2. One disadvantage that PERT has relative to CPM is that constant activity times can not be represented in a PERT network.

Reference no: EM132175950

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