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Joe's Camera Shop Has a Favorite Model That Has Annual

question 163

Essay

Joe's Camera shop has a favorite model that has annual sales of 145. The cost to place an order to replenish inventory is $25 per order, and annual inventory costs are $20. Assume the store is open 350 days per year.
a. What is the optimal order size?
b. What is the optimal number of orders per year?
c. What is the optimal number of days between orders?
d. What is the annual inventory cost?


Definitions:

Ocean Acidification

The process by which seawater becomes more acidic due to the absorption of carbon dioxide from the atmosphere, which can affect marine life and ecosystems.

Toxic Metal Emissions

The release of harmful metal substances into the environment, often as a byproduct of industrial processes, which can pose health risks to humans and ecosystems.

Elytra

The hardened forewings of beetles and some other insects, which serve as a protective shield for the fragile hind wings used in flight.

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An order of insects that includes beetles and weevils, characterized by hard wing cases and a chewing mouthpart, representing the largest order of insects.

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