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Consider the problem of Inventory Management for a store that sells frozen foods. The store expects to sell 50,000 pounds of frozen foods in a year and they need to decide what size refrigeration unit to purchase. The cost of the refrigeration unit is 8000+0.4s dollars, where s is the maximum number of pounds of frozen food that the refrigeration unit will hold. It costs the same amount to run the refrigeration unit no matter how much frozen food is in it, but that cost is 6s dollars per year. We assume that the store will arrange to have new shipments of frozen food arrive just as their existing inventory runs out (this is called Just in Time inventory control). This means each shipment of new inventory should contain s pounds of frozen food. Let N be the number of deliveries required in a given year. The delivery costs are 300+0.06s dollars per delivery. Finally, it is likely that the refrigeration unit has a useful life of only five years, so let's assume that the cost of the refrigeration unit is spread out evenly over a five-year period.
Give a formula for the annual inventory control costs, C, as a function of the maximum storage size, s. (This would only be valid for the first five years.)
Write and solve an equation to determine the selling price of the house. Jamie sold her house for x dollars. The real estate agent received a 5% commission and Jamie received $197,125.
Calculate the Standard Deviation of your data, Your ability to describe a normal distribution as evidenced by a bell shaped curve. Your ability to describe the information provided by the Standard Deviation.
where x is demand and P is measured in millions of dollars. At the instant that x = 110, demand is increasing at a rate of 5 units/month. Find the rate of change of profit at that instant. Round your answer to 3 decimal places.
The Jacksons plan a 3-Week trip with a budget of $600 for renting a car. Car rental rates are $135/week plus $0.17/km. Write a formula to show the number of kilometers the Jacksons can travel.
Question babsed on wff-formation rules. Let L be a language whose wff-formation rules are the following..
Kathleen and Lindsey are unsure how to route the posters from one stage to the next to make as many posters as they possibly can at the lowest cost. Determine how to route the posters through the various stages for Graphic Palette to minimize cost..
A medical prosthetics company charges a $350 setup fee and $5.50 per piece to make a plastic brace for patients with sprained wrists. Write an equation to model this cost of production, and calculate the cost of producing 3000 braces?
Given the situation described, identify the type of sampling involved. A fraternity assigned an ID number to each of its current pledges.
A special SCSU Minnesota license plate starts with two letters selected from 18 possible letters of the alphabet followed by three digits 0-9. How many different SCSU Minnesota license plates are possible?
Use a diagram to list the sample space showing possible arrangements of heads and tails when four coins are tossed . Then use the sample space to find the probability that:
A tank contains a brine solution in which 5 lb of salt is dissolved in 10 gal of water. Brine containing 3 lb of salt per gal flows into the tank at 2 gal/min, and the well-stirred mixture flows out at the same rate. Determine the equation for the..
Total number of ways a customer can place the order, A bagel shop offers 14 varieties of bagels, 11 flavors of cream cheese, and 15 flavors of coffee. How many different orders for a bagel
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