Question: I. Problems 1. The annual demand, ordering cost, and the inventory carrying cost rate for a certain item are D=600 units, S = $10/order and

I. Problems 1. The annual demand, ordering cost, and the inventory carrying cost rate for a certain item are D=600 units, S = $10/order and I = 30% of item price. Price is established by the following quantity discount schedule. What should the order quantity be in order to minimize the total annual cost? When we use the quantity discount model, what are the two basics elements to take into consideration? Why? Quantity Price 1 to 49 $5.00 per unit 50 to 249 $4.50 per unit 250 and up $4.10 per unit

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