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a) Obtain the optimal amount of inventory Y b) Obtain the total cost of inventory c) Is it convenient to accept the discount? d) What is the cost of inventory with quantity m?

a) Obtain the optimal amount of inventory Y b) Obtain the total cost of inventory c) Is it convenient to accept the discount? d) What is the cost of inventory with quantity m?

Practical Management Science
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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The demand for a certain article is 400 art/month. The ordering cost is $35 and the storage cost is $10/month. The purchase cost is $15 but if 70 items or more are purchased there is a discount and
They drop at $10.

a) Obtain the optimal amount of inventory Y
b) Obtain the total cost of inventory
c) Is it convenient to accept the discount?
d) What is the cost of inventory with quantity m?

Solve step by step, do calculations manually not in software

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