Question: Identify the optimal order quantity for the flooring by minimizing total annual administrative, inventory carrying, and transportation costs. Incorporate transportation costs using the function identified
Identify the optimal order quantity for the flooring by minimizing total annual administrative, inventory carrying, and transportation costs. Incorporate transportation costs using the function identified in the first question. What are you i number of orders per year, ii annual inventory carrying costs, iii total annual transportation cost, and iv total annual logistics costs ie annual administration, transportation, and inventory carrying cost summed together
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