Question: We need 5,920 special valve units per year. The ordering cost for these is $85 per order and the carrying cost is assumed to be


We need 5,920 special valve units per year. The ordering cost for these is $85 per order and the carrying cost is assumed to be 10% of the cost per unit. Price schedule is as given below. Quantity range Price/unit 1 - 359 $86.00 360 - 519 $69.00 520 and above $68.00 If there is no candiate for a price enter "None" (without the quotes) as the answer for both candidate and total cost. Price Candidate (Round to nearest integer) Total cost (Round to nearest integer) $86.00 $69.00 $68.00 EOQ = Submit answer 13 marks
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