Question: With the given graph here, can you find the lot and optimum lot size; then find the total annual cost of both the lot sizes?
With the given graph here, can you find the lot and optimum lot size; then find the total annual cost of both the lot sizes? Given numbers: Holding cost: 9 dollars per unit per year Product cost: 5 dollars per unit Procurement cost: 80 dollars

Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
