April 25, 2022Ian sells 500 packs of chocolate per week at $80 per pack. The chocolate is ordered from a supplier who charges Ian $50 per order and $40 per pack. Ian’s annual holding cost percentage is 30%. Assume Ian operates 50 weeks a year. What is the economic order quantity that minimizes the total ordering and holding cost per year? by Osman QUESTION Which of the following statements about a stable service system is NOT correct? O The flow time of the […]