Asked by Anonymous
A manufacturer of hospital supplies has a uniform annual demand for 80,000 boxes of
bandages. It costs $10 to store one box of bandages for one year and $160 to set up
the plant for prduction. Haw many times a year should the company produce boxes
of bandages in order to minimize the total storage and setup costs?
bandages. It costs $10 to store one box of bandages for one year and $160 to set up
the plant for prduction. Haw many times a year should the company produce boxes
of bandages in order to minimize the total storage and setup costs?
Answers
Answered by
Steve
Seems like we need to know something about the production of bandages. Is it continuous? Instant batches of some fixed number? Production over a period of days?
Is the consumption to be considered a continuous function?
I see no way to solve this with the information given.
Is the consumption to be considered a continuous function?
I see no way to solve this with the information given.
Answered by
HTN
60 times a year