A gas station sells Q gallons of gasoline per year, which is delivered N times per year in equal shipments of gallons. The cost of each delivery is d dollars and the yearly storage costs are sQT, where T is the length of time (a fraction of a year) between shipments and s is a constant. Which value of N minimize the costs? Hint: Express T in terms of N. (Use symbolic notation and fractions where needed.) N = Find the optimal number of deliveries if Q = 4 million gal, d = $7000, and s = 33 cents/gal-yr. (Your answer should be a whole number, so compare costs for the two integer values of N nearest the optimal value.) N =

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
icon
Related questions
Question
A gas station sells Q gallons of gasoline per year, which is delivered N times per year in equal shipments of gallons. The cost
of each delivery is d dollars and the yearly storage costs are sQT, where T is the length of time (a fraction of a year) between
shipments and s is a constant.
Which value of N minimize the costs? Hint: Express T in terms of N.
(Use symbolic notation and fractions where needed.)
N =
Find the optimal number of deliveries if Q = 4 million gal, d = $7000, and s = 33 cents/gal-yr.
(Your answer should be a whole number, so compare costs for the two integer values of N nearest the optimal value.)
N =
Transcribed Image Text:A gas station sells Q gallons of gasoline per year, which is delivered N times per year in equal shipments of gallons. The cost of each delivery is d dollars and the yearly storage costs are sQT, where T is the length of time (a fraction of a year) between shipments and s is a constant. Which value of N minimize the costs? Hint: Express T in terms of N. (Use symbolic notation and fractions where needed.) N = Find the optimal number of deliveries if Q = 4 million gal, d = $7000, and s = 33 cents/gal-yr. (Your answer should be a whole number, so compare costs for the two integer values of N nearest the optimal value.) N =
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,