Need help with double checking!
1 answer:
You might be interested in
Answer:
the function that models the total inventory costs as a function of x is;
$( + (
)x )
Step-by-step explanation:
Given the data in the question;
cost of storing the shoes ( Holding cost ) = $ 3 per year
ordering cost ( Co ) fixed = $ 25 per order
cost of each pair = $ 5 per shoe pair
Total demand = 4500 shoe pairs
Total Inventory cost = Holding cost Ordering cost
so
Total Inventory cost = ( $ 25) +
× $3 × x
Total Inventory cost = $( + (
)x )
Total Inventory cost = $( + (
)x )
Therefore, the function that models the total inventory costs as a function of x is; $( + (
)x )