5. Find the optimal order quantity for a product when the annual demand for the product...
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5. Find the optimal order quantity for a product when the annual demand for the product is 500 units, the cost of storage per unit per year is 10% of the unit cost and ordering cost per order is $180. The unit costs are given below: (20 pts) Quantity 09: <500 Unit Cost $25.00 500 92 <1,500 $24.80. 1,500 93 <3,000 $24.60 3,000 94 $24.40 5. Find the optimal order quantity for a product when the annual demand for the product is 500 units, the cost of storage per unit per year is 10% of the unit cost and ordering cost per order is $180. The unit costs are given below: (20 pts) Quantity 09: <500 Unit Cost $25.00 500 92 <1,500 $24.80. 1,500 93 <3,000 $24.60 3,000 94 $24.40
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