Question: please help! please write the answer clearly if handwritten. Suppose that at the Economic Order Quantity (EOQ), the total inventory cost TC = $750. If
please help! please write the answer clearly if handwritten.
Suppose that at the Economic Order Quantity (EOQ), the total inventory cost TC = $750. If the Holding cost (H) = $2, what is the EOQ? The annual demand, ordering cost, and the inventory carrying cost rate for a certain item are D = 960 units, S = $5/order, and I = 20% of item price. Current price is $19.2 per unit (without any discount). Price is established by the following quantity discount schedule. What should the order quantity be in order to minimize the total annual cost? Show your work. Order Quantity 1 to 50 51 to 100 101 and up Price No discount 20% discount 40% discount What should the order quantity be in order to minimize the total annual cost? Show your work
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