Top Posters
Since Sunday
w
5
a
3
j
2
a
2
t
2
u
2
r
2
j
2
j
2
l
2
d
2
y
2
Home Q & A Board Other Fields Homework Help Business
New Topic  
Jay.M Jay.M
wrote...
Go to Answer
Posts: 264
Rep: 0 0
5 years ago
The injection molding department of Alver Inc. uses an average of 40 pounds of a special powder per day. The plant operates 250 days per year. The daily usage of the powder is normally distributed with a standard deviation of 5 pounds per day. The lead time to obtain the powder from a supplier is 9 days. The annual holding cost is $2 per unit and the cost of ordering the powder is $50.


How many units should Alver Inc. order in order to minimize annual ordering and carrying cost?
Textbook 
Introduction to Management Science

Introduction to Management Science


Edition: 13th
Author:
Read 92 times
1 Reply
Replies
Answer verified by a subject expert
makeshsvmmakeshsvm
wrote...
#1
Posts: 191
Rep: 156 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Jay.M Author
wrote...

5 years ago
Thanks
Shuqin
wrote...

Yesterday
Just got PERFECT on my quiz
Harvinder
wrote...

2 hours ago
this is exactly what I needed
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1315 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 791
  
 632
  
 3467
Your Opinion
How often do you eat-out per week?
Votes: 81
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?