A Califomia distributor of sporting equipment expects to sell 5,600 cases of tennis balls during the coming year at a steady rate. Yearly carrying costs (to be computed on the average number of cases in stock during the year) are $10 per case,and the cost of placing an order with the manufacturer is $70.(a) Find the inventory cost incurred if the distributor orders 350 cases at a time during the year.(b) Determine the economic order quantity, that is, the order quantity that minimizes the inventory cost.Let x be the number of cases per order and r the number of orders placed per year. If C represents the inventory cost, then the objective equation is C=r+x. The constraint equation is rx =(Do not include the $ symbol in your answer.)(a) The inventory cost is $.(Simplify your answer.)(b) The economic order quantity is cases.(Simplify your answer.)

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A Califomia distributor of sporting equipment expects to sell 5,600 cases of tennis balls durin and the cost of placing an order with the manufacturer is $70. (a) Find the inventory cost incurred if the distributor orders 350 cases at a time during the ye (b) Determine the economic order quantity, that is, the order ntity that

A Califomia distributor of sporting equipment expects to sell 5,600 cases of tennis balls durin and the cost of placing an order with the manufacturer is $70. (a) Find the inventory cost incurred if the distributor orders 350 cases at a time during the ye (b) Determine the economic order quantity, that is, the order ntity that

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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A Califomia distributor of sporting equipment expects to sell 5,600 cases of tennis balls during the coming year at a steady rate. Yearly carrying costs (to be computed on the average number of cases in stock during the year) are $10 per case,
and the cost of placing an order with the manufacturer is $70.
(a) Find the inventory cost incurred if the distributor orders 350 cases at a time during the year.
(b) Determine the economic order quantity, that is, the order quantity that minimizes the inventory cost.
Let x be the number of cases per order and r the number of orders placed per year. If C represents the inventory cost, then the objective equation is C=r+x. The constraint equation is rx =
(Do not include the $ symbol in your answer.)
(a) The inventory cost is $.
(Simplify your answer.)
(b) The economic order quantity is cases.
(Simplify your answer.)

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