Question: 1 Question #7 - 9 marks Suppose a supplier offers the following all-unit quantity discount schedule to the buyer. Quantity Unit price 1-299 $4 300-599

1 Question #7 - 9 marks Suppose a supplier offers 1

Question #7 - 9 marks Suppose a supplier offers the following all-unit quantity discount schedule to the buyer. Quantity Unit price 1-299 $4 300-599 $3.9 600 or more $3.8 Suppose the buyer's annual requirement is 1200 units, her ordering cost is $160/order and her annual holding cost fraction is 0.4 $/S/yr. Determine the optimal lot size for the buyer

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