Jacob Manages a Candy Store in a High Traffic Shopping $= 100$

question 17

Essay

Jacob manages a candy store in a high traffic shopping mall. He has collected the following information:
Weekly demand for small candy boxes $= 100$ boxes
Cost to place one purchase order with the box supplier $= \$ 15.80$
Cost to hold one box for one year in inventory $= \$ 3.45$
Lead time $= 3$ weeks
Weeks in a year $= 52$ weeks
Answer the next four questions based on the given data.
a.What is the economic order quantity (EOQ)?
b.What is the average inventory level (i.e., cycle inventory)?
c.What is the total annual order and inventory-holding cost?
d.If a fixed-period system (FPS) is adopted, what is the replenishment level (M) without safety stock?

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