Please show all work and do all parts. Thanks in advance. A sporting goods store sells...
Please show all work and do all parts. Thanks in advance.
A sporting goods store sells 520 surfboards per year. It costs $3 to store one surfboard for one year. To reorder, there is a fixed cost of $5, plus $350 for each surfboard.
a) Find the total inventory cost function in terms of x.
b) To minimize the inventory cost, how large is the lot size?
c) How many times per year should the store order surfboards and what is the total inventory cost?
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Please show all work and do all parts. Thanks in advance.
A sporting goods store sells...
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