Question: Quantity Discount: Consider a quantity discount problem where the yearly demand for the product is 1,269 units, the ordering cost is $35, the annual holding
Quantity Discount: Consider a quantity discount problem where the yearly demand for the product is 1,269 units, the ordering cost is $35, the annual holding cost is 47% of the purchase price, and the price depends on the quantity as follows: Quantity Ordered Purchase Price per unit 0 to 199 units $75 each 200 to 4,999 units $51 each 5,000 or more $36 each Calculate the EOQ for the quantity range of 0 to 199 units (round to a whole number).
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