A manufacturer has a steady annual demand for 38400 cases of sugar. It costs $10 to store 1 case for 1 year, 30$ in set up cost to produce each batch, and $17 to produce each case. Find the number of cases per batch that should be produced to minimize cost. How many cases shoulder the manifacturer produce per batch?
A manufacturer has a steady annual demand for 38400 cases of sugar. It costs $10 to store 1 case for 1 year, 30$ in set up cost to produce each batch, and $17 to produce each case. Find the number of cases per batch that should be produced to minimize cost. How many cases shoulder the manifacturer produce per batch?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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A manufacturer has a steady annual demand for 38400 cases of sugar. It costs $10 to store 1 case for 1 year, 30$ in set up cost to produce each batch, and $17 to produce each case. Find the number of cases per batch that should be produced to minimize cost.
How many cases shoulder the manifacturer produce per batch?
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