Help

Sav

Additional Algo $12-2$ Optimal Order Quantity

A company purchases wood for use in its products. The firm uses $760$ pounds of wood per week and purchases wood for $$1\mathrm{.}75$ per pound from a supplier. The cost to hold one pound of wood in inventory for one year is $$0\mathrm{.}35.$ Each time the firm orders wood from the supplier, the firm must pay an order processing charge of $$75.$

What is the optimal order quantity $($in pounds$)?$

Note: Assume there are $52$ weeks in a year and round your answer to the nearest integer value.

Optimal order quantity