Kenyatta university health unit buys a certain antibiotic from a large supplier. The drug can be bought
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Question:
Quantity
Price per unit (Sh.)
1 - 4,999
5,000 - 9,999
Over 10,000 units
2.75
2.60
2.50
The demand for the drug in the health unit is 50,000 units a year. There is an ordering cost of Sh. 50 per order and a holding cost of 20% of the cost of the item per unit per year. Find the optimal purchasing policy for the hospital.
Related Book For
The Legal Environment of Business
ISBN: 978-0538473996
11th Edition
Authors: Roger E Meiners, Al H. Ringleb, Frances L. Edwards
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