3 A firm buys a product using the price schedule given in Table 5. The company estimates...

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3 A firm buys a product using the price schedule given in Table 5. The company estimates holding costs at 10% of purchase price per year and ordering costs at $40 per order.

The firm’s annual demand is 460 units.

a Determine how often the firm should order.

b Determine the size of each order.

c At what price should the firm order?

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Operations Research Applications And Algorithms

ISBN: 9780534380588

4th Edition

Authors: Wayne L. Winston

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Question Posted: Sep 14, 2024 04:13 AM

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3 A firm buys a product using the price schedule given in Table 5. The company estimates...

Question:

TABLE 5 Order Size Price per Unit 0-99 units $20.00 100-199 $19.50 200-499 $19.00 500 or more $18.75

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Operations Research Applications And Algorithms

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