Find the minimum-cost purchase quantity

Reference no: EM13224320

A foundry uses 3,600 tons of pig iron per year at a constant rate. The cost per ton delivered to the foundry is $145. It costs $92 to place an order and $18 per ton per year for storage. Find the minimum-cost purchase quantity.

Reference no: EM13224320

Questions Cloud

Analyse how six sigma can be used in the operation : Examine the steps an organisation would take to establish a PMO or PO if it did not previously have one. Explain which of these steps would be the most difficult for the organisation to complete successfully.

Explain the rule to users and the signature : The proponent side is arguing that these are useful. Please explain the rule to users and the signature or accept button are a sign that the user has received these rules, understands them, and agrees to follow them. No society works where the cit..

Compute the ph at the equivalence point : Calculate the pH at the equivalence point in the titration of 56 mL of 0.10 M methylamine (see Table 15.4) with a 0.20 M HCl solution.

Responsibilities of past policing eras different from today : How are the roles and responsibilities of past policing eras different from today? How effective would policing methods of the past be today? Would our society accept these past methods?

Find the minimum-cost purchase quantity : A foundry uses 3,600 tons of pig iron per year at a constant rate. The cost per ton delivered to the foundry is $145. It costs $92 to place an order and $18 per ton per year for storage. Find the minimum-cost purchase quantity.

What are three cost-containment measures : What are three cost-containment measures that were implemented through the collective bargaining process in 1985? Why were these considered milestones in curtailing health benefit costs to employees?

Explain what is the unknown gas : The ratio of effusion of an unknown gas is measured to be 24.0ml/min. Under the same conditions, the rate of effusion of pure methane gas is 47.8ml/min. What is the unknown gas?

Why a smaller quantity than q m does not maximize profit : Identify the profit maximizing quantity for the firm (Q M), price (P M), Marginal Revenue (MR), and Marginal Cost (MC) at this profit maximizing quantity. e. Explain in plain English why a smaller quantity than Q M does not maximize profit.

Define what is the volume of the balloon : where the atmospheric pressure is 1.00 atm. The balloon rises to an altitude of 20,000 m, where the atmospheric pressure is 61 mmHg and the temperature is 210 K. What is the volume of the balloon at 20,000 m?

User Account

All Pages