- #1
cjmania
- 2
- 0
Can someone else me please I am so stuck on these questions!
I am stuck on both these questions, I have no idea where to begin I was given a worksheet which our instructor will review with us but I would like to know how to do them before class. I finished most of it but this I am stuck on. Can someone please help me to better understand these (Thank You):
1) An outdoor sports company sells 320 kayaks per year. It costs $16 to store one kayak for a year. Each reorder costs $10, plus an additional $7 for each kayak ordered. How many times per year should the store order kayaks in order to minimize inventory costs?
2) A bookstore has an annual demand for 79,000 copies of a best-selling book. It costs $.20 to store one copy for one year, and it costs $50 to place an order. Find the optimum number of copies per order.
I am stuck on both these questions, I have no idea where to begin I was given a worksheet which our instructor will review with us but I would like to know how to do them before class. I finished most of it but this I am stuck on. Can someone please help me to better understand these (Thank You):
1) An outdoor sports company sells 320 kayaks per year. It costs $16 to store one kayak for a year. Each reorder costs $10, plus an additional $7 for each kayak ordered. How many times per year should the store order kayaks in order to minimize inventory costs?
2) A bookstore has an annual demand for 79,000 copies of a best-selling book. It costs $.20 to store one copy for one year, and it costs $50 to place an order. Find the optimum number of copies per order.