12.27 Chris Sandvig Irrigation, Inc., has summarized the price list from four potential suppliers of an underground

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• • • 12.27 Chris Sandvig Irrigation, Inc., has summarized the price list from four potential suppliers of an underground control valve. See the accompanying table on the next page. Annual usage is 2,400 valves; order cost is $10 per order; and annual inventory holding costs are $3.33 per unit.

Which vendor should be selected and what order quantity is best if Sandvig Irrigation wants to minimize total cost?

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Akshay Agarwal

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