e that a company needs 1,200,000 items during a year and that preparation for each production run costs $500. Suppose also that it costs $26 to produce each item and $3 per year to store an item. Use the inventory cost model to find the number of items in each production run so that the total costs of production and storage are minimized.

Q: Suppose an accountant prepares tax returns for individuals and small businesses. Typically, each…

A: Let x be the number of individual tax returns and y be the number of business returns. Each x…

Q: uppose that a company needs 1,200,000 items during a year and that preparation for each production…

A:

Q: A plant food is made from three chemicals, labeled I, II, and III. In each batch of the plant food,…

A: Consider the provided question, Let amount of chemical I = x kg amount of chemical II = y kg and,…

Q: The demand for motorcycle tires imported by Dixie Import-Export is 31,000/year and may be assumed to…

A: Given that, The demand for motorcycle tires imported by Dixie Import-Export is 31,000/year and may…

Q: Suppose that a company needs 1,800,000 items during a year and that preparation for each production…

A:

Q: a) Formulate an LP that the production department can use to minimize the total cost instead of the…

A: Note: Since you have posted multiple questions, we will be solving only the question mentioned in…

Q: A state government gives property owners a tax rebate with the anticipation that each property owner…

A: An infinite geometric series (G.S.) is given as follows ; a + ar +ar^2 +ar^3 + ···· ···· ··· ar^n +…

Q: A contractor, Susan Meyer, has to haul gravel to three building sites. She can purchase as much as…

A: (a) Given that each truck can haul 5 tons of gravel and the cost per truck is five times the hauling…

Q: A privately owned summer camp for youngsters has the following data for a 12-week session: Charge…

A: Hello there! there are multiple sub parts in given question. According to our policies can answer…

Q: Find the price that will maximize profit for the demand and cost functions, where p is the price, x…

A: Given query is to find the price that will maximize the profit.

Q: An investor has $75,000 to invest in a CD and a mutual fund. The CD yields 7% and the mutual fund…

A: According to the given information, Let x be the amount invested in CD’s and y be the amount…

Q: A firm is attempting to minimize its shipping costs. The firm has 3 factories and must supply the…

A: Given. We are given a transportation problem and we need to find a minimum cost approach. Solve the…

Q: A company needs 450,000 items per year. Production costs are 500$ to prepare for a production run…

A: Let the number of items in each production be  Therefore, Number of production  Total storage cost…

Q: Suppose that a company needs 1,800,000 items during a year and that preparation for each production…

A:

Q: Suppose that a company needs 5 x 10,000 items during a year and that preparation costs are $5 for…

A: Given that: Demand (D) = 50,000 Cost per unit(C) = $3 Order quantity(Q) = x Cost of preparation(S) =…

Q: A factory manufactures three products. A. B, and C. Each product requires the use of two machines,…

A: Linear programming

Q: A manufacturing firm has four plants and wants to find the most efficient means of meeting the…

A: Given, transportation problem in matrix form is-…

Q: a hospital ward, the patients can be grouped into two general categories depending on their…

A: Let x be the oz per serving of diet A and y be the oz per serving of diet B. From the given…

Q: A factory manufactures three products, A, B, and C. Each product requlres the use of two machines,…

A: To find the linear constraints and to find value which maximize the profit. Given that start by…

Q: A manufacturer of hospital supplies has a uniform annual demand for 500,000 boxes of bandages. It…

A:

Q: A manufacturing company makes two types of water​ skis, a trick ski and a slalom ski. The relevant…

A: Let x be the number of trick ski       y be the number of slalom ski According to the data given,…

Q: A plant food is made from three chemicals, labeled I, II, and III. In each batch of the plant food,…

A: Given - A plant food is made from three chemicals , labeled I, II, III . In each batch of plant…

Q: The cost for supply kits for a healthcare clinic is the sum of the supply kit cost, ordering cost,…

A: As per guidelines we will solve first question only, please repost other questions for more answers.…

Q: A manufacturer has a monthly fixed cost of $32,000 and a production cost of $6 for each unit…

A: We can find the answers in the following steps.

Q: A retailer determines that the cost C of ordering and storing x units of a product can be modeled by…

A:

Q: Suppose that a furniture manufacturer makes chairs, sofas, and tables. Consider the following chart…

A:

Q: A commodity has a demand function modeled by  p = 108 − 0.5x  and a total cost function modeled by…

A:

Q: A firm can produce 500 units per week. If its total cost function is  C = 500 + 1200x  dollars and…

A:

Q: For a telephone survey, a marketing research group needs to contact at least 150 wives, 120…

A:

Q: Suppose that a company needs 1,800,000 items during a year and that preparation for each production…

A: The preparation for production costs $500. The cost of producing 1 item is $24 to produce each item…

Q: If the monthly demand function is p = 7230 − 5q^2 and the supply function before taxation is p = 30…

A:

Q: A manufacturer of hospital supplies has a uniform annual demand for 500,000 boxes of bandages. It…

A: Given that uniform annual demand is 500000 boxes of bandages. The cost of storing one box of…

Q: A company needs 450,000 items per year. It costs the company $2,160 to prepare a production run of…

A: This question is based on the concept of minimizing the production and inventory/Storage costs at a…

Q: The estimated monthly profit (in dollars) realizable by Cannon Precision Instruments for…

A: given that P(x)=-0.02x2+92x-109000

Q: Suppose that a furniture manufacturer makes chairs, sofas, and tables. Consider the following chart…

A: Here writes the linear programming problem by given information: X1 = number of chairs X2 = number…

Q: Suppose that a company needs 1,200,000 items during a year and that preparation for each production…

A: Consider the provided statement. The preparation for production costs $500. The cost of producing…

Q: A toy manufacturer make bikes, for a profit of $12, and wagons, for a profit of $10. To produce a…

A:

Q: > > A manufacturing company makes two types of water skis, a trick ski and a slalom ski. The…

A: In this question, we want to solve the profit maximization optimization problem.

Q: A Company produces three models of VCRS Model 1, Model 2, and Model 3, at two facilities, A and B.…

A: We will convert this problem into Linear Programming Problem   The company produces three models of…

Q: Assume that it costs a manufacturer approximately C(x) = 1,058,000 + 340x + 0.0005x2 dollars to…

A: C(x) = 1,058,000 + 340x + 0.0005x2a)Minimum average cost isC ¯(x)=c(x)x=1058000+340x+0.0005x2x…

Q: 1. Below is a transportation table, use the Northwest Corner method, what is the total cost ? To…

A: By using the concept of North west corner rule i.e. filling the cell start from the north west…

Q: A commodity has a demand function modeled by p = 107 − 0.5x and a total cost function modeled by C =…

A: We use second derivative test to find out unit price where profit maximum

Q: A manufacturing company makes two types of water skis, a trick ski and a slalom ski. The relevant…

A: (A) Let x no. of trick skis and y no. of slalom skis be produced. The LPP problem formulated from…

Q: A supermarket expects to sell 4000 boxes of sugar in a year. Each box costs $2, and there is a fixed…

A: Annual demand (A) = $4000 boxes   Price of each box (P) =$2   Delivery cost (D) =$20 per order…

Q: A company needs 250,000 items per year. It costs the company $1,200 to prepare a production run of…

A: Use economic lot size model and find the total cost of production- Let number of items produced in…

Q: A manufacturer of hospital supplies has a uniform annual demand for 80,000 boxes of bandages. It…

A:

Q: Suppose that a company needs 1,500,000 items during a year and that preparation for each production…

A: Solution

Q: A company needs 450,000 items per year. It costs the company $2,160 to prepare a production run of…

A:

Q: Suppose that in the inventory problem, the storage cost depends on the maximum inventory size,…

A:

Q: in a monopoly market, the demand function for a product is p = 115 − 0.10x and the revenue function…

A: