Question: Consider the information below: Order cost = $50 Inventory carrying cost = $5/unit/week Item price = $100/unit ($95/unit if orders are issued for 80 units

Consider the information below:
Order cost = $50
Inventory carrying cost = $5/unit/week
Item price = $100/unit ($95/unit if orders are issued for 80 units or more).

2 WEEK 4 5 7 Forecast 82 18 50 17 2

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a Using least unit cost LUC procedure The following is the table for determining the lot sizes for LUC procedure Per Req Cum Req Periods carried Ordering Cost Carrying cost Unit price Cum cost of unit... View full answer

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