Question: 17. Modify the economic order quantity problem in this chapter (Example 16.5) to include discounts. Assume that the unit cost is $22 for the first
17. Modify the economic order quantity problem in this chapter (Example 16.5) to include discounts. Assume that the unit cost is $22 for the first 1,000 units in an order but drops to $19 for any additional units ordered. Use IF statements in the spreadsheet model to incorporate the quantity discount and Evolutionary Solver to find the best solution.
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