The Super Discount Store (Open 24 Hours a Day,every Day)sells

question 1

Essay

The Super Discount store (open 24 hours a day,every day)sells 8-packs of paper towels,at the rate of approximately 420 packs per week.Because the towels are so bulky,the annual cost to carry them in inventory is estimated at $0.50.The cost to place an order for more is $20,and it takes four days for an order to arrive.
a.Find the optimal order quantity.
b.What is the reorder point?
c.How often should an order be placed?

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Definitions:

Urban Settings

Environments characterized by high population density, extensive infrastructure, and dominant non-agricultural activities such as services and manufacturing.

Instinctive Pattern

Behaviors that are innate, performed without being learned, and typical of a particular species.

Newly Hatched Cuckoos

Young cuckoo birds that have recently emerged from their eggs, commonly known for being brood parasites by laying their eggs in the nests of other bird species.

Dominance Hierarchy

The organization of individuals in a group that occurs when competition for resources leads to a ranking of individuals by dominance.