A pharmacist wants to establish an optimal inventory policy for a new antibiotic that requires refrigeration in storage. The pharmacist expects to sell 2400 packages of this antibiotic at a steady rate during the next year. She plans to place several orders of the same size spaced equally throughout the year. The ordering cost for each delivery is $12, and carrying costs, based on the average number of packages in inventory, amount to $4 per year for one package. Use this information to answer the following questions. (a) Let x be the order quantity and r the number of orders placed during the year. Find the inventory cost (ordering cost plus carrying cost) in terms of x and r. C= 12r + 2x (b) Find the constraint function. |(Type an equation.)

A pharmacist wants to establish an optimal inventory policy for a new antibiotic that requires refrigeration in storage. The pharmacist expects to sell 2400 packages of this antibiotic at a steady rate during the next year. She plans to place several orders of the same size spaced equally throughout the year. The ordering cost for each delivery is $12, and carrying costs, based on the average number of packages in inventory, amount to $4 per year for one package. Use this information to answer the following questions. (a) Let x be the order quantity and r the number of orders placed during the year. Find the inventory cost (ordering cost plus carrying cost) in terms of x and r. C= 12r + 2x (b) Find the constraint function. |(Type an equation.)

Name: A pharmacist wants to establish an optimal inventory policy for a new
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Description: A pharmacist wants to establish an optimal inventory policy for a new antibiotic that requires refrigeration in storage. The pharmacist expects to sell 2400 packages of this antibiotic at asteady rate during the next year. She plans to place several

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter6: Systems Of Equations And Inequalities

Section: Chapter Questions

Problem 21T: A manufacturer produces two models of television stands. The table at the left shows the times (in...

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