The small boatyard WhiteKayaks are building epoxy kayaks, last year they built 156. Each of those requires12 kg of epoxy, purchased in 6 kg barrels at €170 each, freight cost is €18 per shipment plus €1 per kg. Theannual carrying cost is estimated to 20% of the value.a. If the purchase policy is to buy 20 barrels each time, how much time can be spent on administrativework if the order quantity should be considered optimal. The boat-builder costs €25/h.b. If time spent is 30 minutes, what would be the optimal order quantity?

Answered: Image /qna-images/answer/a4f33a8f-9737-4040-9071-59c0fb914546.jpg

Answered: purchased in 6 kg barrels at €170 each,…

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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