Solve the problem.A manufacturer uses raw materials to produce p products each day. Suppose that each delivery of a particular material is $d, whereas the storage of that material is x dollars per unit stored per day. (One unit is the amount required to produce one product). How much should be delivered every x days to minimize the average daily cost in the production cycle between deliveries?
What will be an ideal response?
If he asks for a delivery every x days, then he must order (px) to have enough material for that delivery cycle. The average amount in storage is approximately one-half of the delivery amount, or . Thus, the cost of delivery and storage for each cycle is approximately
Cost per cycle = delivery costs + storage costs
Cost per cycle = d + ? x
We compute the average daily cost c(x) by dividing the cost per cycle by the number of days x in the cycle.
c(x) = +
We find the critical points by determining where the derivative is equal to zero.
c'(x) = - +
= 0
x = ±
Therefore, an absolute minimum occurs at days.
You might also like to view...
Find a parametrization for the line segment beginning at P1 and ending at P2.P1(-2, 7, -3) and P2(0, 7, 6)
A. x = -2t, y = 7, z = -9t + 6, 0 ? t ? 1 B. x = 2t - 2, y = 7t, z = 9t - 3, 0 ? t ? 1 C. x = 2t - 2, y = 7, z = 9t - 3, 0 ? t ? 1 D. x = -2t, y = 7t, z = -9t + 6, 0 ? t ? 1
Provide an appropriate response.Select a decimal percent with two digits and write it as a fraction. Select a fraction with a denominator and write it as a percent. Explain each step of your work.
What will be an ideal response?
Divide using long division.
A. 3x2 + 4x - 5
B. 3x2 + 4x - 5 +
C. 3x2 + 4x - 5 +
D. x2 - 5 +
Use the square root method to solve the equation. x2 - 64 = 0
A. 32 B. 8 C. ±9 D. ±8