what is the economic lot size

your company is going to produce 24000 items. you have the option of producing all 24000 in one batch, in four batches of equal size, 12 batches of equal size, or in 24 batches of equal size. the cost of production per batch is C(x)=5x+12000, where x is the number of items in the batch. it also costs $1.00 per item per year for storage. what is the annual number of batches that minimizes total cost?

Asked by: carrie 564 days ago - 1 Answers - 1006 views

Your Answer

Ask your question

How This Works:

Ask a Question

Type your question - try to be as detailed as possible, this way you get a better answer. That's it, you're done!

The Community Answers

Thousands of other users like you will read your question and supply the answers you're looking for! If you know the answers to other's question feel free to answer them.

Choose the Best Answer

Finally, reward the person who submitted the Best Answer.

Important Notice:

Answers are provided by members like you. They are not professional unless identified. As such, BusinessDictionary.com does not evaluate or guarantee the accuracy of any content, and answers should not be construe as professional advice. You agree that any use you make of BusinessDictionary Answers is at your own risk and that BusinessDictionary.com is not responsible for any losses resulting from your reliance on any content on BusinessDictionary Answers.