-You are responsible for maintaining an appropriate amount of inventory for Component A, using a Q-type inventory control system (fixed quantity, continuous review). Your company estimates your ordering cost to be 300 and the annual cost of holding this item in inventory to be 12. Annual demand for this item is forecasted to be 5,000 and the company has 300 working days per year. Your supplier’s lead time is 25 days. How much should you order? (Round to the nearest integer.)
You are responsible for maintaining an appropriate amount of inventory for Component A, using a Q-type inventory control system (fixed quantity, continuous review). Your company estimates your ordering cost to be 300 and the annual cost of holding this item in inventory to be 4. Annual demand for this item is forecasted to be 5,000 and the company has 300 working days per year. Your supplier’s lead time is 25 days. On average, how many orders will you place per year? (Round to one decimal position.)
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