Business, 24.10.2019 02:00 laceybabin1952

Ye’ olde barrel shop sells oak barrels to a local winery. the master cooper would like to reduce her oak lumber inventory by determining the optimal number of oak boards to order. the annual demand averages 30,000 boards and the order cost is $25.00 per order. holding cost is estimated to be 25%. the purchase cost of each board is $18.00. the standard deviation of daily demand is 3 boards. the standard deviation of lead time is 1.0 days. assume 260 days in the year and an average lead time of 2 days. what is the eoq?

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Ye’ olde barrel shop sells oak barrels to a local winery. the master cooper would like to reduce her...