The annual demand, ordering cost, and the inventory carrying cost rate for a certain item are: D =
Question: The annual demand, ordering cost, and the inventory carrying cost rate for a certain item are:
D = 600 units
S = $20/order
Holding Cost = 30% of item price
Price is established by the following quantity discount schedule. What should the order quantity be in order to minimize the total annual cost?
| Quantity | 1 to 49 | 50 to 249 | 250 and up |
| Price | $5.00 per unit | $4.50 per unit | $4.10 per unit |
Price: $2.99
Solution: The answer consists of 3 pages
Type of Deliverable: Word Document
Type of Deliverable: Word Document
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