A sporting goods store sells 100 pool tables per year. It costs $52 to store one pool table for a year. To reorder, there is a fixed cost of $26 per shipment plus $10 for each pool table. How many times per year should the store order pool tables and in what lot size, in order to minimize inventory costs? The store should order pool tables times per year to minimize inventory costs.
A sporting goods store sells 100 pool tables per year. It costs $52 to store one pool table for a year. To reorder, there is a fixed cost of $26 per shipment plus $10 for each pool table. How many times per year should the store order pool tables and in what lot size, in order to minimize inventory costs? The store should order pool tables times per year to minimize inventory costs.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 17SQ
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