Question: ( Management science and operations ) Keith shoe stores carries a basic black dress and shoe for men that sells at an annual demand of
Management science and operations Keith shoe stores carries a basic black dress and shoe for men that sells at an annual demand of pairs. Keith's current buying policy is to order pairs each time an order is placed. An order costs Keith $ to place. The annual carrying cost for each pair over a year period is of the price of a pair that Keith pays. At the order quantity of pairs, Keith pays the lowest possible unit price of $ per pair that the supplier could offer. Other quantity discounts offered by the supplier are given in the following table.
tableOrder quantity,Unit priceUp to $
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