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Determination of Order Quantity

ByHomework Help Classof1

"Jim uses a fixed order interval approach to managing his inventory of corn chip bags (i.e., Jim order more bags on the 1st of each month). Jim doesn't know demand with certainty, but he usually ranges from 2500 to 4500 bags, so he keeps 5000 bags in stock. Last month Jim used 4270 bags. Using the fixed order interval approach, how many bags will Jim order this month? a. 730 b. 5,000 c. 4,270 d. Not enough information to answer the question. "

Details

Publication Date
Apr 4, 2013
Language
English
Category
Education & Language
Copyright
All Rights Reserved - Standard Copyright License
Contributors
By (author): Homework Help Classof1

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Format
PDF

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