10. A store sells Q units of a product per year. It costs d dollars The store sh

Question

10. A store sells Q units of a product per year. It costs d dollars The store should order to store one unit for a year. To reorder, there is a fixed cost of b dollars, plus c dollars for each unit. times per year should the store reorder, and in what lot size, in order to minimize inventory costs? Use the general solution to find how many times per year a store should reorder, and in what lot size, when Q-140, d $10, b $28, and c= $14. units it. How many timestimes per year to minimize inventory costs Qd order size 2bQ lot size-

Explanation / Answer

order size square root of (140*10)/(2*28) 5 units lot size square root of (2*28*140)/10 sqrt of 784 28 or (140/5unnits) = 28 times The store should order 5 units ,28 times per year in order to minimize inventory cost

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