Question: Name: # 1 . Annual demand is 7 4 0 0 0 per year. Holding cost, h , is $ 1 , 8 9 per
Name:
# Annual demand is per year. Holding cost, is $ per unit per year, and ordering cost, is $ per order. Manager, using continuous review inventory model, currently orders units every time shehe places an order.
a How many times shehe places orders annually? What is the annual holding cost the annual ordering cost and the total cost TC
b What is the optimal order quantity to minimize TC What is TC
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