Question: Suppose that the annual demand for a component is approximately 63,000 units. The company orders the componen from a supplier who has offered the following
Suppose that the annual demand for a component is approximately 63,000 units. The company orders the componen from a supplier who has offered the following quantity discount schedule. If the company's carrying charge is 24% of the item's price and the cost per order is $170, determine the order quantity that would minimize the total related inventory costs for this component. The company's decision would be to order units. (Enter your response rounded to the nearest whole number.)
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