Requirements $($annual forecast$)$

Weight per engine

$16,200$ units

Order processing cost

$25$ pounds

Inventory carry cost

$ $150$ per order

$20$ percent of the average value of inventory per year

Note: Assume that half of lot size is in inventory on average $(1,\frac{350}{2}=675$ units$).$

Two qualified suppliers have submitted the following quotations:

$\backslash$table$[[,$SUPPLIER $1,$SUPPLIER $2],[$ORDER QUANTITY,UNIT PRICE,UNIT PRICE$],[1$ to $1,499$ units$/$order$,$$$050,$$$588$