Question: A hardware store buys hex nuts and bolts from the same supplier. The nuts cost 1 5 cents each, and the bolts cost 3 8
A hardware store buys hex nuts and bolts from the same supplier. The nuts cost cents each, and the bolts cost cents each.
The ordering fee is $ for all orders; This includes the cost of paperwork, tracking and receiving orders.
Storage costs are based on annual interest. The hardware store uses an average of nuts and screws annually.
Determine the optimal size of the orders of nuts and bolts, and the optimal time between orders.
If both products are ordered and received simultaneously, the $ ordering fee applies to the combined order. Compare the annual ordering and stocking cost if these orders are ordered separately if: both products are ordered when the nuts are
they order; Both products are ordered when the screws are ordered.
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