Using calculus can take the guess-work out of the two inventory management questions: When should I re-order? How much to order? We base these two decisions on the single solution that results in the minimal Total Cost.

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Instructions

Assignment 2 of 2:

Using calculus can take the guess-work out of the two inventory management questions: When should I re-order? How much to order? We base these two decisions on the single solution that results in the minimal Total Cost.

Complete the attached template that includes a complete analysis of a Continuous Inventory Model.

• Template for the inventory assignment. - Excel File (12.7 KB)