Answer:
x < 11.5
Step-by-step explanation:
2x + 9 < 32
(2x + 9) - 9 < 32 - 9
2x < 23
2x/2 < 23/2
x < 11.5
Economic Order Quantity
The economic order quantity, that is, the order quantity that minimizes the inventory cost is:
300 cases of tennis balls
Data and Calculations:
Sales of tennis balls for the coming year = 10,000 units
Carrying (holding) costs per case = $10
Cost of placing orders with the manufacturer = $45 per order
Economic Order Quantity (EOQ) = square root of (2 * Annual Demand/Sales * Ordering cost)/Carrying cost per case
= square root of (2 * 10,000 * $45)/$10
= square root of 90,000
= 300 tennis balls
This implies that the distributor will place about 33 orders in the coming year. With each order, the quantity placed is 300 units. This is the economic order quantity that will minimize its inventory cost for the year.
