Computer Science Flag A company stocks an item that is consumed at the rate of 60 units per day. It costs the company $25 each time an order is placed. An inventory unit held in stock for a week will cost $.36. (a) Determine the optimum inventory policy, assuming a lead time of 2 weeks. (b) Determine the optimum number of orders per year (based on 365 days per year).
Computer Science Flag A company stocks an item that is consumed at the rate of 60 units per day. It costs the company $25 each time an order is placed. An inventory unit held in stock for a week will cost $.36. (a) Determine the optimum inventory policy, assuming a lead time of 2 weeks. (b) Determine the optimum number of orders per year (based on 365 days per year).
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.8: Linear Programming
Problem 3SC: In Example 3, if the accountant earns a profit of 100 on each individual return and a profit of 175...
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Computer Science
Flag A company stocks an item that is consumed at the rate of 60 units per day. It costs the company $25 each time an order is placed. An inventory unit held in stock for a week will cost $.36. (a) Determine the optimum inventory policy, assuming a lead time of 2 weeks. (b) Determine the optimum number of orders per year (based on 365 days per year).
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