The Gilette Company buys a product using the price schedule given in the file P13_32.xlsx. The company

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The Gilette Company buys a product using the price schedule given in the file P13_32.xlsx. The company estimates the unit holding cost at 10% of the purchase price and the ordering cost at $40 per order. Gilette’s annual demand is 460 units.

a. Determine how often the company should order.

b. Determine the optimal order quantity.

c. At what price should the company order?

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Practical Management Science, Revised

ISBN: 9781118373439

3rd Edition

Authors: Wayne L Winston, S. Christian Albright

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Question Posted: Oct 22, 2024 07:05 AM

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The Gilette Company buys a product using the price schedule given in the file P13_32.xlsx. The company

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Practical Management Science, Revised

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