7. A cookie company sells cookies in 1 pound containers. The estimated demand is 1,000,000 containers. The set-up cost for each production run is $500 and the cost of storing each container over the year is $.40. How many containers should the company produce per production run and how many production runs should be ordered to minimize the production costs?
7. A cookie company sells cookies in 1 pound containers. The estimated demand is 1,000,000 containers. The set-up cost for each production run is $500 and the cost of storing each container over the year is $.40. How many containers should the company produce per production run and how many production runs should be ordered to minimize the production costs?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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