Best writers. Best papers. Let professionals take care of your academic papers

Order a similar paper and get 15% discount on your first order with us
Use the following coupon "FIRST15"
ORDER NOW

Need assistance checking my work: Question

Need assistance checking my work: Question: Josh, Inc. is faced with the choice of either producing a newly

designed product, XX-30, to stock in anticipation of demand or to customer order. The demand for the product is expected to be 5,000 units per week. Josh decided to produce XX-30 in lots of 500 units. The cost of holding the average unit in inventory per year is $50 times the average inventory level. If Josh, Inc. produces to order, it must discount its unit price on all sales $5 for each week that the first customer to order has to wait before the product is delivered. Should Josh, Inc. produce to stock or to order?  *Assume that the forecast is reliable, the stock out cost is negligible, the make to order policy does not incur inventory holding costs and 52 weeks per year*

 
"Looking for a Similar Assignment? Order now and Get 10% Discount! Use Code "Newclient"