Business, 23.03.2021 02:00, mrfishyyyy

Jack owns a local trucking company. With fuel costs being expensive, Jack wants to evaluate how much fuel, on average, he should store in his 6,542 gallon fuel tank. Each year Jack uses 30,117 gallons of diesel (usage is spread evenly throughout the year). Jack knows with certainty that he can have a load of fuel delivered in 4 days. The price of fuel is $3.37 per gallon and there is a separate $195 ordering fee per order. Jack thinks his holding cost per unit is 5%. If Jack orders at EOQ, what will be the average inventory of fuel in his 6,542 gallon tank

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Jack owns a local trucking company. With fuel costs being expensive, Jack wants to evaluate how much...