Question: Please show all work for each subpart. Not sure how to get these values. The inventory management costs for a certain product with an annual
Please show all work for each subpart. Not sure how to get these values.
The inventory management costs for a certain product with an annual demand of 2400 units are: Ordering cost per order, S = $16 to order; Holding cost per unit per year, H = $2. Compute the optimal order quantity, Q", and then compute the annual ordering cost, the annual holding cost, the annual total ordering and holding cost for order quantities of 2400, 1200, 600, 200, and Q". (You will need a calculator and paper and pen/pencil. Review the formulas you will need for this question.) The total ordering and holding cost for an order quantity of Q = 2400 is $2416 $1232 The total ordering and holding cost for an order quantity of Q = 1200 is $664 e > The total ordering and holding cost for an order quantity of Q = 600 is $392 The total ordering and holding cost for an order quantity of Q = 200 is 196 The optimal order quantity, rounded, is 0 The optimal ordering and holding cost is $392 $32 The annual ordering cost for an order quantity of Q = 1200 is
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