A store sells Q units of a product per year. It costs d dollars to store one unit for a year. To reorder, there is a fixed cost of b dollars, plus c dollars for each unit. How many times per year should the store reorder, and in what lot size, in order to minimize inventory costs? Use the general solution to find how many times per year a store should reorder, and in what lot size, when Q= 100, d $50, b $25, and c $20. The store should order units times per year to minimize inventory costs. Qd order size = 2b 2bQ lot size =
A store sells Q units of a product per year. It costs d dollars to store one unit for a year. To reorder, there is a fixed cost of b dollars, plus c dollars for each unit. How many times per year should the store reorder, and in what lot size, in order to minimize inventory costs? Use the general solution to find how many times per year a store should reorder, and in what lot size, when Q= 100, d $50, b $25, and c $20. The store should order units times per year to minimize inventory costs. Qd order size = 2b 2bQ lot size =
Transcribed Image Text:times per year to
The store should order
minimize inventory costs.
units
A store sells Q units of a product per year. It costs d dollars
to store one unit for a year. To reorder, there is a fixed cost of
b dollars, plus c dollars for each unit. How many times per
year should the store reorder, and in what lot size, in order to
minimize inventory costs? Use the general solution to find
how many times per year a store should reorder, and in what
lot size, when Q= 100, d = $50, b $25 , and c $20.
Qd
order size =
| 2b
2bQ
lot size =
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