What is leaky pipes optimal order quantity

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Reference no: EM131851426

Leaky Pipe, a local retailer of plumbing supplies, faces demand for one of its SKUs at a constant rate of 30,000 units per year. It costs Leaky Pipe $10 to process an order to replenish stock and $1 per unit per year to carry the item in stock.

Stock is received 4 working days after an order is placed. No backordering is allowed.

Assume 300 worldng days a year. What is Leaky Pipe's optimal order quantity?

Reference no: EM131851426

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