Find the economic lot or economic order quantity Size which minimizes total cost Questron A company orders and uses 12, 150 box of pencils each year. Each order has a fixed shipping cost of $150 and an additional cost of $3 per box of pencils. To store a box for a full year costs $2. What is the optimal number of orders the company should make each year? Do not include units with your answer. Sorry, that's incorrect. Try again? 191

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
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Find the economic lot or economic order quantity
Size which minimizes total cost
Questron
A company orders and uses 12, 150 box of
pencils each year. Each order has a fixed
shipping cost of $150 and an additional cost
of $3 per box of pencils. To store a box for a
full year costs $2. What is the optimal
number of orders the company should make
each year? Do not include units with your
answer.
Sorry, that's incorrect. Try again?
191
Transcribed Image Text:Find the economic lot or economic order quantity Size which minimizes total cost Questron A company orders and uses 12, 150 box of pencils each year. Each order has a fixed shipping cost of $150 and an additional cost of $3 per box of pencils. To store a box for a full year costs $2. What is the optimal number of orders the company should make each year? Do not include units with your answer. Sorry, that's incorrect. Try again? 191
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