Long description

The data table is set up in two columns, as follows:

  • Demand rate, D; 10000

  • Setup cost, S; 100

  • Holding cost, H; 0.5 open parens fixed cost closed parens

  • Daily production rate, p; 80

  • Daily demand rate, d; 60

  • Unit price, P; zero

A tip box pointing to the data table reads “Enter the demand rate, setup cost, and holding cost. Notice that the holding cost is a fixed dollar amount rather than a percentage of the unit price.”

A tip box pointing to the daily production rate data reads “Enter the daily production rate and the daily demand rate.”

The results table is set up in two columns, as follows:

  • Optimal production quantity, Q asterisk; equals SQRT open parens 2 times B 7 times the quotient of B 8 divided by B 9 closed parens

  • Maximum ...

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