Question: Problem 4 Annual demand for an item is 8000. Ordering cost is $20 per order and holding cost is $8 per unit per year. Item

Problem 4 Annual demand for an item is 8000. Ordering cost is $20 per order and holding cost is $8 per unit per year. Item price is $1.00 per unit without discount. For order size of 400 and above, the discounted price is $0.90 per unit. Compute the total costs for both with and without discount cases. Answer: Without Discount Case EOQ: Total Cost: With Discount Case Quantity to be ordered: Total Cost: co

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