A bookstore is attempting to determine the most economical order quantity for a popular book. The store
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A bookstore is attempting to determine the most economical order quantity for a popular book. The store sells 8000 copies of this book per year. The store figures that it costs $40 to process each new order for books. The carrying cost (due primarily to interest payments) is $2 per book, to be figured on the maximum inventory during an order–reorder period. How many times a year should orders be placed?
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Related Book For
Calculus And Its Applications
ISBN: 9780134437774
14th Edition
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
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