Question: PLEASE DO IT FAST.. 1. A manufacturing firm has been offered a particular component part it uses according to the following discount pricing schedule provided

PLEASE DO IT FAST..

PLEASE DO IT FAST.. 1. A manufacturing firm has

1. A manufacturing firm has been offered a particular component part it uses according to the following discount pricing schedule provided by the supplier. Quantity Unit Price 1-500 $5 501-999 $4.5 > 1000 $3.9 The manufacturing company uses 10000 of the components annually. The ordering cost for each order is $20, and the unit holding cost is 20% of the purchase price of the component per year. a) What is the optimal order quantity? b) What is the total annual cost, including ordering, holding and purchasing

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