A company needs 300,000 items per year. It costs the company $1,440 to prepare a production run of these items and $11 to produce each item. If it also costs the company $1.50 per year for each i stored, find the number of items that should be produced in each run so that total costs of production and storage are minimized. |items/run
A company needs 300,000 items per year. It costs the company $1,440 to prepare a production run of these items and $11 to produce each item. If it also costs the company $1.50 per year for each i stored, find the number of items that should be produced in each run so that total costs of production and storage are minimized. |items/run
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CR: Review Problem Set
Problem 37CR
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