An Office Supply Store Open Five Days a Week Must

question 52

Essay

An office supply store open five days a week must determine the best inventory policy for boxes of copier paper.Weekly demand is nearly constant at 250 boxes.When orders are placed,the entire shipment arrives at once.The cost per box is $22,and the inventory holding cost is 30%.Orders are placed at a cost of $40 each,including preparation time and communication charges,and the lead time is two days.
a.Find the optimal order quantity.
b.What is the reorder point?
c.How often should an order be placed?
d.What is the cycle time?

Analyze the role of the United Nations in shaping the post-World War II order.

Understand the concept of profit-maximizing in labor markets.

Comprehend the characteristics of monopsony in the labor market.

Distinguish between the labor supply curves facing a purely competitive employer and a monopsonist.

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