Question 1. What is the optimal number of boxes to order for each time an order is placed
Student’s name Lecturer’s name Course Date Question 1. What is the optimal number of boxes to order for each time an order is placed? Annual demand= Total pairs of shoes/ pairs per box = 98,000/10 = 9,800 shoeboxes Cost of one shoe box= $59 Percentage holding cost= 35% Holding cost= holding percentage cost * shipping cost per box = 35% *$517 = $180.95 Optimal number […]