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(Solved): Joe Birra needs to purchase malt for his microbrewery production. His supplier charges $35 per deliv ...



Joe Birra needs to purchase malt for his microbrewery production. His supplier charges $35 per delivery (no matter how much is delivered) and $1.30 per gallon. Joe’s annual holding cost per unit is 35 percent of the price per gallon. Joe uses 300 gallons of malt per week. Suppose Joe orders 1,000 gallons each time. What is his average inventory (in gallon)? Suppose Joe orders 2,000 gallons each time. How many orders does he place with his supplier each year? Note: Round your answer to 2 decimal places.



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