Question: can you solve this problem in paper Problem 3: A company needs 1,000 electric drills per year. The ordering cost for these is 100KWD per

can you solve this problem in paper

Problem 3: A company needs 1,000 electric drills per year. The ordering cost for these is 100KWD per order and the carrying cost is assumed to be 40% of the per unit cost. In orders of less than 120 , drills cost 78KWD; for orders of 120 or more, the cost drops to 50KWD per unit. a. Compute the EOQ for this quantity discount model? b. What is the total cost of this policy

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