IEOR E4000: Production ManagementAssignment 1 (updated version): Due Lecture 5 (September 22)Notes•Each assignment must be submitted at the beginning of the class it is due. A late submissionincurs a penalty of 25% times the number of days you are late. However,no submissionswill be acceptedbeyond 48 hours (exactly 2 days) after the time the assignment is due.•You are allowed to discuss the assignment with others but the write-up must be individualwork. Please mention in your write-up if you have discussed the solution with someone.•For each homework, a random selection of exercises will be graded, and the others only brieflyscanned. However, the solution will be provided for all exercises.Homework Exercises1. The Bronx Zoo requires a prodigious amount of vegetables to feed its herbivorous animals,some 900,000 lbs of it each year.Despite the past year having a record-high number ofvisitors, the zoo is looking to cut expenses. One area of concern is the cost of procuring andstoring vegetables.
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optimal order quantity, total annual cost, Bronx Zoo