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[Solution Library] Jimmy Stephens, inventory control manager for Cal-Tex, receives wheel bearing from Wheel Rite, a small producer of metal parts. Wheel

Question: Jimmy Stephens, inventory control manager for Cal-Tex, receives wheel bearing from Wheel Rite, a small producer of metal parts.  Wheel Rite can produce only 500 wheel bearings per day.  Cal Tex receives 10000 wheel bearings fro Wheel Rite each year.  Because Cal Tex operates 200 working days each year, its average daily demand of wheel bearings is 50.  Ordering costs for Cal Tex is $40 per order, and carrying costs is $0.60 per wheel bearing per eyar.  Wheel Rite has agreed to ship the maximum number of wheel bearings that it produces each day to Cal-Tex once an order has been received.  How many wheel bearings should Cal Tex order at one time?

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Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


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