Minimize the sum of annual carrying and ordering costs

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Reference no: EM132112503

1. A large law firm uses an average of 52 boxes of copier paper per day. The firm operates 260 days per year. Storage and handling costs for the paper are $28 per year per box, and it costs $36 to order and receive a shipment of paper. How much will be spent each year on ordering paper? calculate to 4 decimal places

2. A large law firm uses an average of 54 boxes of copier paper per day. The firm operates 260 days per year. Storage and handling costs for the paper are $17 per year per box, and it costs $42 to order and receive a shipment of paper. What order size would minimize the sum of annual carrying and ordering costs? calculate to 4 decimal places

Reference no: EM132112503

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