Lunas is a convenient store that purchases water from a bottling…

Question Answered step-by-step Lunas is a convenient store that purchases water from a bottling… Lunas is a convenient store that purchases water from a bottling company in Ocho Rios. Lunas is opened every day except Easter Monday and Christmas Day. The demand for water is 200 bottles per day. Each bottle of water cost $100. The annual holding cost rate is 14%. Lunas ordering cost is $3,500 . The lead time for the delivery is 4 days on each order.How many bottles of water do you recommend that Lunas order every time it places an order.                                                                                                       Determine the estimated holding cost; and ordering cost                    How much time will elapse between each order                                How many orders will be placed each year                                         Determine the re-order point                                                      Advise Lunas on what will be their Total Annual Cost                      Math Statistics and Probability MAT MISC Share QuestionEmailCopy link Comments (0)