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Case: A tire store expects to sell approximately 100 all-season tires of a certain make. model, and size next year. Annual holding cost is $10 per tire and ordering cost is $20 per order. The store operates 360 days a year and has enough storage space in the back.
a. What is the E00? [3. How many times per year would the store reorder if EOQ units are ordered each time?
c. What is the length of an order cycle if E00 units are ordered each time?
d. What is the total annual inventory control cost if EOQ units are ordered each time?
What are the differences between quantitative and qualitative forecasting methods? (explain in details)
A security dealer recommends two types of investments A and B to his client Investment A returns 6% and B 8%.The client has almost Rs 100000 to invest. The client wants the total annual returns to be at least Rs 7000 and at least 2/5th of the amount ..
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