Menu

(Solved) A store manager estimates that the minimum number of cars needed over the next 3 weeks are 5, 8 and 7 respectively

A store manager estimates that the minimum number of cars needed over the next 3 weeks are 5, 8 and 7 respectively. Excess car kept in garage will cost $30 per car per week and new hiring in any week will incur a fixed cost of $40 and $20 per car per week. Assume there is no cost in returning the car and the minimum number of cars needed is always met, find the number of cars per week such that the total cost of hiring the cars is minimized. Solve this problem using dynamic programming.

Expert Answer


Answer to A store manager estimates that the minimum number of cars needed over the next 3 weeks are 5, 8 and 7 respectively…..

OR