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16 - The annual demand for an item is 1,000 units, each order costs 10 and the annual holding cost is 30 per cent of

image text in transcribed 16 - The annual demand for an item is 1,000 units, each order costs 10 and the annual holding cost is 30 per cent of unit cost. The unit cost depends on the quantity ordered as follows: - 1 for order quantities less than 300 - .40 for quantities between 300 and 999 - 0.80 for quantities of 1000 or more. What is the optimal order size? 16 - The annual demand for an item is 1,000 units, each order costs 10 and the annual holding cost is 30 per cent of unit cost. The unit cost depends on the quantity ordered as follows: - 1 for order quantities less than 300 - .40 for quantities between 300 and 999 - 0.80 for quantities of 1000 or more. What is the optimal order size

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