a.
i)
To find:
A formula for Q as a function of the fixed ordering cost c, and plot its graph. The fixed ordering costs do not exceed $25.
ii)
To find:
The number of items to order at a time if the fixed ordering cost is $6 per order.
iii)
To write:
About increasing fixed ordering cost affect the number of items you order at a time.
b.
i)
To find:
A formula for Q as a function of the carrying cost h and make its graph. We do not expect the carrying cost for this particular item ever to exceed $25.
ii)
To find:
The optimal order size if the carrying cost is $15 per unit per year.
iii)
To write:
About increase in carrying cost affect the optimal order size.
iv)
To calculate:
The average rate of change per dollar in optimal order size if the carrying cost increases from $15 to $18.
v)
To explain:
The above graph is concave up or concave down.
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Chapter 2 Solutions
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