Minimize the sum of annual carrying and ordering costs

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Reference no: EM132303698

1) A large law firm uses an average of 34 boxes of copier paper per day. The firm operates 260 days per year. Storage and handling costs for the paper are $30 per year per box, and it costs $66 to order and receive a shipment of paper. What order size would minimize the sum of annual carrying and ordering costs?

2) A large law firm uses an average of 44 boxes of copier paper per day. The firm operates 260 days per year. Storage and handling costs for the paper are $18 per year per box, and it costs $32 to order and receive a shipment of paper. On average, how many boxes of paper are in inventory?

3) A large law firm uses an average of 39 boxes of copier paper per day. The firm operates 260 days per year. Storage and handling costs for the paper are $34 per year per box, and it costs $63 to order and receive a shipment of paper.What is the annual cost of carrying inventory of boxes of paper?

4) A large law firm uses an average of 24 boxes of copier paper per day. The firm operates 260 days per year. Storage and handling costs for the paper are $35 per year per box, and it costs $64 to order and receive a shipment of paper. How many orders for paper will be placed each year?

5) A large law firm uses an average of 34 boxes of copier paper per day. The firm operates 260 days per year. Storage and handling costs for the paper are $24 per year per box, and it costs $38 to order and receive a shipment of paper. How much will be spent each year on ordering paper?

Reference no: EM132303698

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