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.
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.