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9, 20. In the objective function, the first term is the annual cost of goods, the second is the annual ordering cost (D/Q, is the
9, 20. In the objective function, the first term is the annual cost of goods, the second is the annual ordering cost (D/Q, is the number of orders), and the last term is the annual inventory holding cost (Q/2 is the average amount of inventory). Construct and solve a nonlinear optimization model for the following data. Annual Demand Min Item Cost ($) Order Cost ($) Space Required (sq. feet) W = 9,000 /=0.30 Complete the model. 2,000+ (5 Item 1 2,000 100 150 50 Item 2 Item 3 2,000 1,000 50 135 25 2,000 2 7), 2000) +0.30 80 125 40 (C 1)-9/1 un
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