Business, 21.04.2020 19:25 Cristian9059

The rising popularity of bubble and squeak as a breakfast item on the menu has resulted in a steady demand for peas. Over the course of the past week, 457 patrons have ordered the hearty breakfast and each serving contains a cup of English peas. It costs two cents to hold a cup of peas in inventory for a year and $3 to place an order (remember they come all the way from England!). It takes two weeks to ship a container from England loaded with peas. What is the optimal order quantity? What is the average inventory if they order at the optimal order quantity? How many orders per year does the diner place if they order at the economic order quantity? What is the average flow time of a cup of peas if the diner orders at the economic order quantity?

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