A restaurant orders ribeye steaks for its inventory: Last year, ribeye steaks are delivered once a week, with an EOQ of

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answerhappygod
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A restaurant orders ribeye steaks for its inventory: Last year, ribeye steaks are delivered once a week, with an EOQ of

Post by answerhappygod »

A restaurant orders ribeye steaks for its inventory: Last year,
ribeye steaks are delivered once a week, with an EOQ of 5,200. This
year, the storage cost of ribeye steaks in inventory goes down by
4.6% due to increased energy consumption for refrigeration. What is
the optimal economic order quantity for replenishing the inventory
of ribeye steaks this year? Assume that the fixed ordering cost and
demand rate for ribeye steaks stay the same throughout the two
years, and there are 52 weeks in a year. Round your answer to the
nearest integer if needed.
Group of answer choices
4,651
4,856
5,324
5,814
4,160
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