Question: Problem 3 (50 points): A company will begin stocking remote control devices. Expected annual demand is 8000 units. Ordering cost is $30 and annual holding

Problem 3 (50 points): A company will begin

Problem 3 (50 points): A company will begin stocking remote control devices. Expected annual demand is 8000 units. Ordering cost is $30 and annual holding cost is $3 per unit per year. The devices can be purchased from either supplier A or supplier B. Their price lists are as follows: Supplier A Supplier B Quantity Unit Price Quantity Unit Price 0-199 $ 14.00 0-149 $ 14.10 200-599 $ 13.80 150-349 $ 13.80 600+ 13.60 350+ $ 13.70 Which supplier and order size the company should use

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