Find the number of items in each production run

Assignment Help Engineering Mathematics

Reference no: EM131792905

Inventory cost model

suppose that a company needs 1,500,000 items during a year and that preparation for each production run costs $600.

Suppose also that it costs $15 to produce each item and $2 per year to store an item.

Use the inventory cost model to find the number of items in each production run so that the total costs of production and storage are minimized.

Reference no: EM131792905

Questions Cloud

What is the rationale for alternative minimum tax : What is the rationale for Alternative Minimum Tax? Why is it that many more people are subject to it now that were not intended to be subject to it before

Discuss sell werner metal company aluminum ingots : Blossom Inc. enters into an agreement on March 1, 2017, to sell Werner Metal Company aluminum ingots. As part of the agreement

Minimize the total costs of production and storage : Suppose that a company needs 60,000 items during a year and that preparation for each production run costs $400.

Discuss straight-line depreciation of office equipment : Straight-line depreciation of office equipment, Office equipment is depreciated quarterly; not monthly

Find the number of items in each production run : Use the inventory cost model to find the number of items in each production run so that the total costs of production and storage are minimized.

Find the radius r that produces the maximum velocity : Velocity of air during a cough According to B. F. Visser, the velocity v of air in the trachea during a cough is related to the radius r of the trachea.

What do you see as your weaknesses regarding working on team : Complete the Evaluate Team Member Effectiveness self-assessment. what do you see as your strengths and weaknesses regarding working on a team?

What are the total equivalent units for conversion costs : Equivalent Units of Conversion Costs, What are the total equivalent units for conversion costs

Find the dimensions that will make the cost a minimum : Minimum cost the base of a rectangular box is to be twice as long as it is wide. The volume of the box is 256 cubic inches.

User Account

All Pages