A manufacturer of hospital supplies has a uniform annual demand for 80,000 boxes of bandages. It costs $20 to store one box of bandages for one year and $500 to set up the plant for production. How many times a year should the company produce boxes of bandages in order to minimize the total storage and setup costs? ..... The company should produce boxes of bandages time(s) a year.

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
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A manufacturer of hospital supplies.....please solve

A manufacturer of hospital supplies has a uniform annual demand for 80,000 boxes of bandages. It costs $20 to store one box of bandages for one year and $500 to
set up the plant for production. How many times a year should the company produce boxes of bandages in order to minimize the total storage and setup costs?
....*
The company should produce boxes of bandages time(s) a year.
Transcribed Image Text:A manufacturer of hospital supplies has a uniform annual demand for 80,000 boxes of bandages. It costs $20 to store one box of bandages for one year and $500 to set up the plant for production. How many times a year should the company produce boxes of bandages in order to minimize the total storage and setup costs? ....* The company should produce boxes of bandages time(s) a year.
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