Find the optimized ordering quantity that makes the total cost mimium. Also, find the minumum annual...
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Find the optimized ordering quantity that makes the total cost mimium. Also, find the minumum annual cost as we Annual Demand U 63000 ordering cost 150 Item Price C 16 holding ratio h 0.25 Minimum Order Maximum Order discount 0 500 0.00% 501 1000 2.00% 1001 2000 5.00% 2001 4000 10.00% 4000 and up 15.00% Find the optimized ordering quantity that makes the total cost mimium. Also, find the minumum annual cost as we Annual Demand U 63000 ordering cost 150 Item Price C 16 holding ratio h 0.25 Minimum Order Maximum Order discount 0 500 0.00% 501 1000 2.00% 1001 2000 5.00% 2001 4000 10.00% 4000 and up 15.00%
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