A customer requires during the next four months, respectively, 50,65,100 and 70 units of a commodity (no backlogging is allowed). Production costs are $5, $8, $4 and $7 per unit during these months. The storage cost from one month to the next is $2 per unit (assessed on ending inventory). It is estimated that each unit on hand at the end of the month 4 could be sold for $6. Formulate an LP that will minimize the net cost incurred in meeting the demands of the next four months.

Anewspaper boy is trying to perfect his business in order to maximize the money he can save for a new car. daily paper sales are normally distributed, with a mean of 100 and standard deviation of 10. he sells papers for $0.50 and pays $0.30 for them. unsold papers are trashed with no salvage value. how many papers should he order each day and what % of the time will he experience a stockout? are there any drawbacks to the order size proposed and how could the boy address such issues?

Owning a word is a characteristic of a powerful a. productb. servicec. organization d. brand

Aprice control is: question 1 options: a)a tax on the sale of a good that controls the market price.b)an upper limit on the quantity of some good that can be bought or sold.c)a legal restriction on how high or low a price in a market may go.d)control of the price of a good by the firm that produces it.