A sporting good store sells 100 pool tables per year. It costs $62 to store one...

A sporting good store sells 100 pool tables per year. It costs $62 to store one pool table for a year. To re-order, there is a fixed cost of $31 per shipment plus $16 for each pool table. How many times per year should the store order pool tables, and then what lot size, in order to minimize inventory costs?

A sporting good store sells 100 pool tables per year. It costs $62 to store one pool table for a year. To re-order, there is a fixed cost of $31 per shipment plus $16 for each pool table. How many times per year should the store order pool tables, and in what lot size, in order to minimize inventory costs?

the store should order BLANK pool tables BLANK times per year to minimize inventory costs.

Expert Solution

milcah answered 2 years ago

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