Question

Chris Sandvig Irrigation, Inc., has summarized the price list from four potential suppliers of an underground control valve. See the table below. Annual usage is 2,400 valves; order cost is $10 per order; and annual inventory holding costs are $3.33 per unit.
Which vendor should be selected and what order quantity is best if Sandvig Irrigation wants to minimize totalcost?


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  • CreatedJuly 23, 2013
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