For almost 80 years, JetGo has been refining and supplying jet fuel for general aviation aircraft. The
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For almost 80 years, JetGo has been refining and supplying jet fuel for general aviation aircraft. The company wants to determine the optimal order size and total inventory cost for one important ingredient of jet fuel, given an estimated annual demand of 10,000 lbs, an annual carrying cost of $0.75 per pound, and an ordering cost of $150. Calculate the following values for the refinery.
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Related Book For
Foundations Of Airline Finance
ISBN: 9780415743259
2nd Edition
Authors: Bijan Vasigh, Kenneth Fleming, And Barry Humphreys
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