A company will begin stocking remote control devices. Expected annually demand is $800$ units. The controllers can be purchased from either supplier A or supplier B$.$ Their price lists are as follows: Cromplise

$\backslash$Lambda

Cromplise.

D

Ordering cost is

$$40$

and annual holding cost is estimated at

$20\%$

of the price of the product. What supplier should be used and what should be the optimal order quantity based on the total cost?

A company will begin stocking remote control devices. Expected annually demand is $800$ units. The controllers can be purchased from either supplier A or supplier B$.$ Their price lists are as follows:

Ordering cost is $$40$ and annual holding cost is estimated at $20\%$ of the price of the product. What supplier should be used and what should be the optimal order quantity based on the total cost?