A California distributor of sporting equipment expects to sell 10 800 cases of tennis balls...
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A California distributor of sporting equipment expects to sell 10 800 cases of tennis balls during the coming year at a steady rate Yearly carrying costs to be computed on the average number of cases in stock during the year are 10 per case and the cost of placing an order with the manufacturer is 60 a Find the inventory cost incurred if the distributor orders 300 cases at a time during the year b Determine the economic order quantity that is the order quantity that minimizes the inventory cost Let x be the number of cases per order and r the number of orders placed per year If C represents the inventory cost then the objective equation is C equation is rx Do not include the symbol in your answer Or x The constraint
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