Question: 1. How many defects would there be in one million units? 2. What is the inventory holding cost per unit? 3. What is the cost

1. How many defects would there be in one million units?

2. What is the inventory holding cost per unit?

3. What is the cost of holding inventory per unit?

4. How many units should it order to minimize its annual holding cost and ordering cost?

5. How much does it save each year if it purchases enough units to get the discount?

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