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Business, 08.02.2021 22:10 smith12349

The CFO has placed a $75,000 limit on the average value of inventory carried in stock. Furthermore, there is a limit on the amount of space available to store inventory of 10,000 ft2. Find the optimal order quantity for each item type so as minimize the total average annual fixed ordering and holding costs subject to the constraints.

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The CFO has placed a $75,000 limit on the average value of inventory carried in stock. Furthermore,...
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