Av city (problem 13.1) assumed with certainty that the order- ing cost is $625/order and the inventory carrying cost is $130/unit/ year. however, the inventory model parameters are frequently only estimates that are subject to some degree of uncertainty. consider four cases of variation in the model parameters as follows: (a) both ordering cost and carrying cost are 10% less than originally estim- ated; (b) both ordering cost and carrying cost are 10% higher than lus a few sundays, or approximately 320 days per year. determine the following: a. optimal order quantity per order b. total annual inventory costs c. optimal number of orders to place per year d. number of operating days between orders, based on the optimal orderin

Which of the following would cause a shift to the right of the supply curve for gasoline? i. a large increase in the price of public transportation. ii. a large decrease in the price of automobiles. iii. a large reduction in the costs of producing gasoline

Afirm is producing at minimum average total cost with its current plant. draw the firm's long-run average cost curve. label it. draw a point on the lrac curve at which the firm cannot lower its average total cost. draw the firm's short-run average total cost curve that is consistent with the point you have drawn. label it.g

Over the past several years, joyce chen has been able to save regularly. as a result, today she has $54,188 in savings and investments. she wants to establish her own business in 5 years and feels she will need $100,000 to do so. a. if she can earn 6% on her money, how much will her $54,188 in savings/investments be worth in 5 years? will joyce have the $100,000 she needs? if not, how much more money will she need? b. given your answer to part a, how much will joyce have to save each year over the next 5 years to accumulate the additional money? assume she can earn interest at a rate of 6%. c. if joyce can afford to save only $4,000 a year then, given your answer to part a, will she have the $100,000 she needs to start her own business in 5 years?