Gentle ben's bar and restaurant uses 5,000 quart bottles of an imported wine each year. the effervescent wine costs $3per bottle and is served only in whole bottles because it loses its bubbles quickly. ben figures that it costs $10 each time anorder is placed, and holding costs are 20 percent of the purchase price. it takes three weeks for an order to arrive. weeklydemand is 100 bottles (closed two weeks per year) with a standard deviation of 30 bottles. ben would like to use an inventory system that minimizes inventory cost and will provide a 95 percent service probability. a. what is the economic quantity for ben to order? b. at what inventory level should he place an order?

answer90,000;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.

the correct answer will be d