Question: A manager has just received a revised price schedule from a vendor. What order quantity should the manager use to minimize total costs? Annual Demand

A manager has just received a revised price schedule from a vendor. What order quantity should the manager use to minimize total costs? Annual Demand is 675 units, ordering cost is $60, and annual carrying cost is $2.5 per unit.

Quantity

Unit Price

1 to 119

$10

120 to 239

$9.50

240 to 359

360 or more

$8.50

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