Problem

An automobile dealer expects to sell 400 cars a year. The cars cost $11,000 each plus a...

An automobile dealer expects to sell 400 cars a year. The cars cost $11,000 each plus a fixed charge of $500 per delivery. If it costs $1000 to store a car for a year, find the order size and the number of orders that minimize inventory costs.

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Solutions For Problems in Chapter 3.5