Question: Consider an inventory system in which discounts are given for large ordered quantities. The shortage cost is $ 8 per unit per year and the

Consider an inventory system in which discounts are given for large ordered quantities. The shortage cost is $8 per unit per year and the order cost is $40 per order. The inventory carrying cost is $2 per unit per year and the annual demand is 5000 units. Determine the optimum order quantity

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