The maintenance department of a large hospital uses about 820 cases of liquid cleanser annually. Ordering...

  

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The maintenance department of a large hospital uses about 820 cases of liquid cleanser annually. Ordering costs are $7, carrying costs are $12 per case a year, and the new price schedule is given in table below. Determine the optimal order quantity and the total cost. Range 1 to 49 50 to 79 80 to 99 100 or more Price $30 $28 $26 $24 The maintenance department of a large hospital uses about 820 cases of liquid cleanser annually. Ordering costs are $7, carrying costs are $12 per case a year, and the new price schedule is given in table below. Determine the optimal order quantity and the total cost. Range 1 to 49 50 to 79 80 to 99 100 or more Price $30 $28 $26 $24

Answer rating: 100% (QA)

Annual demand D 820 Cases Ordering cost per order S 7 Carryin... View the full answer