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

Example

A book dealer sells 600 books a year. He pays 20 euro per book. The order costs equal 25 euro and the annual holding costs are 0.75 euro per book.

Then the optimal order quantity is $q=\sqrt{\dfrac{2\cdot 25\cdot 600}{0.75}}=200$.
‹ Vorige paginaInventory management
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Wiskunde Mathematics for business economics leeromgeving

 

  • Chapter 1: Functions of one variable
  • Chapter 2: Differentiation of functions of one variable
  • Chapter 3: Functions of two variables
  • Chapter 4: Differentiation of functions of two variables
  • Chapter 5: Optimization
    • Optimization functions of one variable
    • Applications 1
      • Marginal output rule and production rule
      • Supply function producer
      • Inventory management
        • Example
        • Exercise 1
        • Exercise 2
    • Optimization functions of two variables
    • Applications 2
    • Optimization constrained extremum problems
    • Applications 3
    • Optimization convex/concave functions
  • Chapter 6: Areas and integrals

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