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  2. For business economics
  3. Chapter 5: Optimization
  4. Applications 1
  5. Inventory management
  6. Exercise 1

Exercise 1

A book dealer sells 1000 books a year. He pays 10 euro per book. The order costs equal 15 euro and the annual holding costs are 0.75 euro per book. Determine the optimal order quantity.
200
400
500
300
A book dealer sells 1000 books a year. He pays 10 euro per book. The order costs equal 15 euro and the annual holding costs are 0.75 euro per book. Determine the optimal order quantity.
Antwoord 1 correct
Correct
Antwoord 2 optie
300
Antwoord 2 correct
Fout
Antwoord 3 optie
400
Antwoord 3 correct
Fout
Antwoord 4 optie
500
Antwoord 4 correct
Fout
Antwoord 1 optie
200
Antwoord 1 feedback
Correct: q=√2⋅15⋅10000.75=200.

Go on.
Antwoord 2 feedback
Wrong: Do not guess.

See Example 1.
Antwoord 3 feedback
Wrong: Do not guess.

See Example 1.
Antwoord 4 feedback
Wrong: Do not guess.

See Example 1.