Question: Please answer a-d thank you! Problem 3: Price-Break Problem (9 points) A product has an annual demand of 73,000 units. The annual holding cost for

Please answer a-d thank you!
Problem 3: Price-Break Problem (9 points) A product has an annual demand of 73,000 units. The annual holding cost for one unit is estimated to be 25% of the unit's cost. Each order costs the company $500. The supplier has offered the company the following prices based on the quantity ordered each time. Order Quantity 1-5,499 5,500-5,999 6,000+ Price $10.90 $10.20 $9.90 a) What is the EOQ for the $9.90 price? (2 points) b) Is the EOQ you found in part a) feasible or not feasible? (1 point) c) Calculate the total costs for the lowest feasible quantity and all lower prices. (Hint: see Chapter 11 slide 34) (4 points) d) How many units should be ordered each time? (2 points)Step by Step Solution
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