Water testing at the Central Park reservoir requires a chemical reagent that costs $500 per gallon. Use

Question:

Water testing at the Central Park reservoir requires a chemical reagent that costs $500 per gallon. Use is constant at 1/3 gallon per week. Carrying cost rate is considered to be 12% per year, and the cost of an order is $125. What is the optimal order quantity for the reagent?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: