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 = 120,
d=$10, b=$24, and c= $19.
The store should order
times per year to minimize Homing pigeons avoid flying over water. Suppose a homing pigeon is released on an island at point C, which is 3 mi
directly out in the water from a point B on shore. Point B is 8 mi downshore from the pigeon's home loft at point A.
Assume that a pigeon flying over water uses energy at a rate 1.32 times the rate over land. Toward what point S
downshore from A should the pigeon fly in order to minimize the total energy required to get to the home loft at A?
Total energy (Energy rate over water) (Distance over water) + (Energy rate over land) (Distance over land)
Point S is miles away from point A.
(Type an integer or decimal rounded to three decimal places as needed.)
Answer rating: 100% (QA)
Economic Order Quantity It is a term for the ideal quantity a company should purchase to minimize itView the full answer