Question: A company will begin stocking remote control devices. The expected monthly demand is 800 units. The controllers can be purchased from either supplier A or

A company will begin stocking remote control devices. The expected monthly demand is 800 units. The controllers can be purchased from either supplier A or supplier B. Their price lists are as follows: The ordering cost is $40 for Supplier A and $58 for Supplier B, and the annual holding cost is $4 per unit in both cases. A company will begin stocking remote control devices. The expected monthly demand is 800 units. The controllers can be purchased from either supplier A or supplier B. Their price lists are as follows: The ordering cost is $40 for Supplier A and $58 for Supplier B, and the annual holding cost is $4 per unit in both cases. What order quantity is optimal if the intent is to minimize total annual costs
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