Minimize the total storage and reorder costs

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Reference no: EM131268914

Inventory control:-

A pharmacy has a uniform annual demand for 200 bottles of a certain antibiotic. It costs $10 to store one bottle for one year and $40 to place an order.

How many times during the year should the pharmacy order the antibiotic in order to minimize the total storage and reorder costs?

Reference no: EM131268914

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