A surf shop sells 360 surfboards per year. It costs $8 to store one surfboard for a
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A surf shop sells 360 surfboards per year. It costs $8 to store one surfboard for a year. Each reorders costs$10, plus an additional $5 for each surfboard ordered. How many times per year should the store order surfboards, and in what lot size, in order to minimize inventory costs? What does the minimum inventory cost?
Related Book For
College Mathematics for Business Economics Life Sciences and Social Sciences
ISBN: 978-0321614001
12th edition
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
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