Question: Problem # 9 Inventory Analysis You are the proud owner of a warehouse store that sells life - sized statues of Elvis. You have an
Problem # Inventory Analysis
You are the proud owner of a warehouse store that sells lifesized statues of Elvis. You have an annual demand of statues per year. It costs $ to order them, and your holding cost is of the purchasing cost. However, since you have been a loyal longtime customer of the statue manufacturing company, they are willing to give you a discount based on the amount of statues you order at once. If you order up to statues at a time, the cost of the statues is $ each. If you order between statues at a time, the total comes out to $ each. If you order more than at a time, the price drops to $ each. Assuming you have the space to store
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