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 (i.e., annual administration, transportation, and inventory carrying cost summed together)?

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