{"id":11503,"date":"2021-10-27T04:57:05","date_gmt":"2021-10-27T04:57:05","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/inventory-control-models-question-25-25shoe-shine-is-a-local\/"},"modified":"2021-10-27T04:57:05","modified_gmt":"2021-10-27T04:57:05","slug":"inventory-control-models-question-25-25shoe-shine-is-a-local","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/inventory-control-models-question-25-25shoe-shine-is-a-local\/","title":{"rendered":"Inventory control models &#8211; question 25 25)\tshoe shine is a local"},"content":{"rendered":"<div id=\"\">\n<td>25)<\/td>\n<td colspan=\"47\">Shoe Shine is a local retail shoe store located on the north side of Centerville. Annual demand for a popular sandal is 500 pairs, and John Dirk, the owner of Shoe Shine, has been in the habit of ordering 100 pairs at a time. John estimates that the ordering cost is $10 per order. The cost of the sandal is $5 per pair. For John\u2019s ordering policy to be correct, what would the carrying cost as a percentage of the unit cost have to be? If the carry cost were 10% of the cost, what would the optimal order quantity be?<\/td>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>25) Shoe Shine is a local retail shoe store located on the north side of Centerville. Annual demand for a popular sandal is 500 pairs, and John Dirk, the owner of Shoe Shine, has been in the habit of ordering 100 pairs at a time. John estimates that the ordering cost is $10 per order. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-11503","post","type-post","status-publish","format-standard","hentry","category-homework-help"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/11503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=11503"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/11503\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=11503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=11503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=11503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}