Question: A food processor purchases corn for use in its products. The firm uses 650 pounds of corn per week and purchases corn for $0.4 per

A food processor purchases corn for use in itsA food processor purchases corn for use in its

A food processor purchases corn for use in its products. The firm uses 650 pounds of corn per week and purchases corn for $0.4 per pound from a supplier. The cost to hold one pound of corn in inventory for one year is $0.08. Each time the firm orders corn from the supplier, the firm must pay a $46 order processing charge. Assume there are 52 weeks in a year and round your answer to the nearest integer value. What is the optimal order quantity (in pounds)? pounds Additional Algo 12-5 Quantity Constraints A retailer purchases widgets for a price of $2.9 each and sells 8 widget per week. The widgets are offered in cases of 24 each (no partial case shipments are allowed). The retailer's cost of holding one widget in inventory for one year is $0.83. When the retailer purchases widgets, there is a fixed charge of $34 for each order. How many cases of widgets should the retailer purchase at one time? Assume 52 weeks per year. cases

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