Question: Green Bay Lumber and Mill ( GBLM ) processes 1 0 , 0 0 0 logs annually, operating 2 5 0 days per year. Immediately

Green Bay Lumber and Mill (GBLM) processes 10,000 logs annually, operating 250 days per year. Immediately upon receiving an order, the logging company's supplier begins delivery to the lumber mill at the rate of 60 logs per day. The lumber mill has determined that the ordering cost is $1,600 per order, and the cost of holding logs in inventory before they are processes is $15 per log on the annual basis. Determine the following:
-The optimum order size
-The total of annual inventory holding and ordering costs
-If another supplier suggests that they can deliver at the rate of 200 logs per day with the same ordering and holding costs,
should GBLM accept this suggestion?
Show work and for all calculations round up two decimal places.

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