1. The annual demand, ordering cost, and the inventory carrying cost rate for a certain item...
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1. The annual demand, ordering cost, and the inventory carrying cost rate for a certain item are D = 600 units, S= $20/order and I = 30% of item price. Price is established by the following quantity discount schedule. What should the order quantity be in order to minimize the total annual cost? Quantityl to 49 50 to 249 Price s5.00 per unit$4.50 per units4.10 per unit 250 and up 1. The annual demand, ordering cost, and the inventory carrying cost rate for a certain item are D = 600 units, S= $20/order and I = 30% of item price. Price is established by the following quantity discount schedule. What should the order quantity be in order to minimize the total annual cost? Quantityl to 49 50 to 249 Price s5.00 per unit$4.50 per units4.10 per unit 250 and up
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Given Annual demand D 600 units Ordering cost S 20 per order Holding cost I 30 of i... View the full answer
Related Book For
Statistics For Engineering And The Sciences
ISBN: 9781498728850
6th Edition
Authors: William M. Mendenhall, Terry L. Sincich
Posted Date:
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