FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A merchant sells shirts at a constant rate of 2000 per year.The cost of carrying a shirt in stock is $3 per year.The cost of

A merchant sells shirts at a constant rate of 2000 per year.The cost of carrying a shirt in stock is $3 per year.The cost of ordering shirts is $50 per order plus $.20 per shirt.Approximately how many times per year should the merchant order shirts to minimize their total yearly costs? (Assume that orders can be placed so that shipments arrive precisely when stock is depleted.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Logistics Supply Chain Management

Business Logistics Supply Chain Management

Authors: Ronald H. Ballou

5th edition

130661848, 978-0131076594, 0131076590, 978-0130661845

More Books

Students also viewed these Mathematics questions

Question

★★★★★
A thick-walled, stainless steel (AISI 316) pipe of inside and outside diameters D; = 20 mm and Do = 40 mm is heated electrically to provide a uniform heat generation rate of q = 10 6 W/m3. The outer...

Answered: 1 week ago

Question

★★★★★
For the first trial of Example 6-1, determine the component matrix for n-pentane and then use the Thomas algorithm to find the n-pentane liquid flow rates leaving each stage. Compare your n-pentane...

Answered: 1 week ago

Question

★★★★★
In the Birth Weight data set the variable Race is a categorical variable that takes on the values 1, 2 and 3. If Race = 1 is used to represent a white mother, Race = 2 represents a black mother, and...

Answered: 1 week ago

Question

★★★★★
Your firm has 10 million shares outstanding, and you are about to issue 5 million new shares in an IPO. The IPO price has been set at $20 per share, and the underwriting spread is 7%. The IPO is a...

Answered: 1 week ago

Question

★★★★★
PRINTER VERSION BACK NEXT Brief Exercise 11-6 Your answer is partially correct. Try again. The Oak Ridge Corporation has 76,800 $2 noncumulative preferred shares that have been issued. It declares a...

Answered: 1 week ago

Question

★★★★★
Forty percent of workers always try to follow company policies. If they witness coworkers engaging in misconduct, they will most likely _______________. confront the worker avoid reporting it join...

Answered: 1 week ago

Question

★★★★★
what is the work content and components of the project. It can be described by naming all the activities performed?

Answered: 1 week ago

Question

★★★★★
Gas mixtures. A mixture composed of CO and H2 is contained at 283 kPa. Calculate the partial pressure of the H in kPa in this mixture if the mole fraction of CO is 68 %. Provide the answer to three...

Answered: 1 week ago

Question

★★★★★
the earnings after tax and dividends under each of the following two financing options based on the document: 1.bond financing: $20 million at 7 percent interest.

Answered: 1 week ago

Question

★★★★★
Pedagogically, there has been empirical evidence to support that there is lack of student's interest in enrollment in marketing analytics courses. Specifically, the biased perception of marketing as...

Answered: 1 week ago

Question

★★★★★
A typical wire coating die is shown schematically in the figure below. throughout the mold It is incompressible at steady state and is an isothermal flow. Rheological properties of the fluid, power...

Answered: 1 week ago

Question

★★★★★
Explain what reliability is. Based on the sample statistics, is this test reliable? What evidence from the statistics supports your answer? What trends are seen in the raw scores? How would an...

Answered: 1 week ago

Question

★★★★★
11. How often have you passed on to others this type of information, which you have filled in yourself? Never, then you should think again.

Answered: 1 week ago

Question

★★★★★
9. Think of any experience that has made a very strong impression on you, and where it did not go the way you thought it would. Imagine this experience as a movie in your inner theatre. Run this...

Answered: 1 week ago

Question

★★★★★
12. Think through the last week. If you could have changed some of your behaviour, what would you have changed? How would you have changed that? What would you seek to achieve by changing your...

Answered: 1 week ago

Previous Question Next Question