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McBurger orders ground meat at the start of each week to cover the week’s demand which is 300 lbs. The fixed cost per order is $20 It costs about $0.01 per lb per day to refrigerate and store the

McBurger orders ground meat at the start of each week to cover the week’s demand which is 300 lbs. The fixed cost per order is $20. It costs about $0.01 per lb. per day to refrigerate and store the meat. It is estimated that the shortage cost is $0.15 per lb. The demand during lead time is assumed to be uniform between 20-30 lbs. Determine the optimal ordering policy for McBurger.

Jun 14 2020 View more View Less

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