Problem 3) A company will begin stocking remote control devices. Expected monthly demand is 800 units. Ordering cost is $20 and annual holding cost is $2.40 per unit per year. The devices can be purchased from either supplier A or supplier B. Their price lists are as follows:

Which supplier and order size the company should use?

Problem 3 (20 points) A company will begin stocking remote control devices. Expected monthly demand is 800 units. Ordering cost is $20 and annual holding cost is $2.40 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 $ 14.00 0-149 $ 14.10 0-199 200-499 $ 13.80 150-349 $ 13.90 500+ $ 13.60 350+ $ 13.70 Which supplier and order size the company should use