Yellow Press, Inc., buys paper in 1,500-pound rolls for printing. Annual demand is 2,750 rolls. The cost per roll is $1,000, and the annual holding cost is 20 percent of the cost. Each order costs $35.
a. How many rolls should Yellow Press order at a time?
Yellow Press should order ? rolls at a time. (Enter your response rounded to the nearest whole number.)
b. What is the time between orders? (Assume 192 workdays per year.)
The time between orders is ? days. (Enter your response rounded to one decimal place.)