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A pharmacist wants to establish an optimal inventory policy for a new antibiotic that requires refrigeration in storage The pharmacist expects to sell 3600 packages

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A pharmacist wants to establish an optimal inventory policy for a new antibiotic that requires refrigeration in storage The pharmacist expects to sell 3600 packages of this antibiotic at a steady rate during the next year. She plans to place several orders of the same size spaced equally throughout the year. The ordering cost for each delivery is $18, and carrying costs, based on the average number of packages in inventory amount to 54 per year for one package Use this information to answer the following questions (a) tetx be the order quantity and the number of orders placed during the year. Find the inventory cost ordering cost plus carrying cost) in terms of Xandt C- (b) Find the constraint function (Type an equation) c) Determine the economic order quantity that minimizes the inventory cost and then find the minimum inventory cost C-s

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