Leaky Pipe, a local retailer of plumbing supplies, faces demand for one of Its SKUs at a constant rate of 30,000 Units per year. It costs Leaky Pipe $10 to process an order to replenish stock and $1 per unit per year to carry the item in stock. Stock is received four working days after an order is placed. No backordering is allowed Assume 300 working days a year.
a. What is Leaky Pipe