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Question 23 (2.5 points) Annual demand for motor oil at a truck maintenance facility is 12500 gallons. The cost to hold a gallon of oil

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Question 23 (2.5 points) Annual demand for motor oil at a truck maintenance facility is 12500 gallons. The cost to hold a gallon of oil for a year is $50 and the cost to place an order for oil is $500. How many gallons of motor oil should be ordered at a time if using the EOQ? 50 500 As close to 70.71 as possible. 1000 age 1: Given the following payoff table and probabilities, how many trucks should be reserved if the objective is to maximize the maximum gain? 2 3 S 6 Demand (trucks) 1 > 2 3 4 8 9 0 11 12 Probability 0.15 0.2 0.35 0.3 S 3 14 15 1 4000 4000 4000 4000 > - 1000 9000 9000 9000 6 17 18 2 3 4 -1500 7000 15000 15000 -18000 -7000 12000 18000 9 20 21 4 2 23 24 2

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