The Gilette Company buys a product using the price schedule given in the file P12_32.xlsx. The company

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The Gilette Company buys a product using the price schedule given in the file P12_32.xlsx. The company estimates the unit holding cost at 10% of the purchase price and the ordering cost at $100 per order. Gilette’s annual demand is 1500 units.

a. Determine how often the company should order.

b. Determine the optimal order quantity.

c. At what price should the company order?

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Practical Management Science

ISBN: 978-1305250901

5th edition

Authors: Wayne L. Winston, Christian Albright

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Question Posted: Nov 03, 2018 11:09 AM

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The Gilette Company buys a product using the price schedule given in the file P12_32.xlsx. The company

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Practical Management Science

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