One of the formulas for inventory management says that the average weekly cost of ordering, paying for, and holding merc
Posted: Mon Apr 11, 2022 6:00 am
One of the formulas for inventory management says that the average weekly cost of ordering, paying for, and holding merchandise is: km ha Aq) + cm + 9 2' where q is the quantity you order when things run low (shoes, TVs, brooms, or whatever the item might be); k is the cost of placing an order (the same, no matter how often you order); c is the cost of one item (a constant); m is the number of items sold each week (a constant); and h is the weekly holding cost per item (a constant that takes into account things such as space, utilities, insurance, and security). a) Identify the dependent and independent variables. [5 marks] b) Evaluate A(x), where x is any value within the domain of A. [2.5 marks] c) Obtain the domain of the function A. [2.5 marks]