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A company needs 250,000 items per year. Production costs are $650 to prepare for a production run and $5 for each item produced. Inventory costs are $0.90 per item per year. Find the number of items that should be produced in each run so that the total costs of production and storage are minimized. You must use calculus.
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Solve the decision tree in the following figure to maximize the expected value. Report the optimal strategy.
Supply chain essay on logistics topic not more than 1000 words .Involving evidence of critical thinking and analysis regarding logistics.( For ex. An essay on how certain Logistics strategy can help increasing supply chain profits)
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