a) To minimize cost, how many units should be ordered each time an order is placed? 2DS H units (round your response to two decimal places). b) How many orders per year are needed with the optimal policy? Annual Demand Orders per Year=² orders (round your response to two decimal places). c) What is the average inventory if costs are minimized? Average Inventory = units (round your response to two decimal places).

a) To minimize cost, how many units should be ordered each time an order is placed? 2DS H units (round your response to two decimal places). b) How many orders per year are needed with the optimal policy? Annual Demand Orders per Year=² orders (round your response to two decimal places). c) What is the average inventory if costs are minimized? Average Inventory = units (round your response to two decimal places).

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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