integration qtn

rajee70

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Nov 30, 2011
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1
Solon Container receives 450 drums of plastic pellets every 30 days. The
inventory function (drums on hand as a function of days) is I(t) = 450-(t^2)/2.
a)Find the average daily inventory.
b)If the holding cost for one drum is 2 cents per day, find the average daily holding cost.
 
Solon Container receives 450 drums of plastic pellets every 30 days. The
inventory function (drums on hand as a function of days) is I(t) = 450-(t^2)/2.
a)Find the average daily inventory.
b)If the holding cost for one drum is 2 cents per day, find the average daily holding cost.

a) Integrate the function and divide it by 2 (hint, your limits are 0 and 30)

b) Simply multiply the cost by the amount of drums on average daily.
 
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