Assignment:
Gateway Book printers purchases paper from wiscoinsin mills. gateway requires 3,000,000 pounds of paper per year. The cost per order for the company is 1,200; the cost of holding 1 pound of paper in inventory is .08 per year. gateway operates 312 days per year. lead time is 15 days.
- What is gateway's optimal number of orders per year?
- What is gateway's optimal time between orders?
- Gateway routinely runs out of shortage space in their warehouse for paper, so they decided to build a new paper warehouse. what is the optimal size for the new paper warehouse?
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.