Jack is managing a bike store. Suppose the demand for a Giant Mountain Bike is 50...
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Jack is managing a bike store. Suppose the demand for a Giant Mountain Bike is 50 per week. The unit cost is $1000. Every time Jack order from Giant, he has to pay the fix shipping fee of $600. The capital cost for Jack is 1% per month. How many should Jack order to minimize the total inventory cost if the order quantity does not have to be integer? Jack is managing a bike store. Suppose the demand for a Giant Mountain Bike is 50 per week. The unit cost is $1000. Every time Jack order from Giant, he has to pay the fix shipping fee of $600. The capital cost for Jack is 1% per month. How many should Jack order to minimize the total inventory cost if the order quantity does not have to be integer?
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