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2. The Kenneth State organization sells a product for which the annual demand is 2000 units. The average holding cost is $ 2.00 per unit
2. The Kenneth State organization sells a product for which the annual demand is 2000 units. The average holding cost is $ 2.00 per unit per year and the ordering Cost is $ 80 per order. The optimal number of units to be ordered ( Q*) is 400 units. What is the total annual cost? a $400 b $600 c $800 d $1000
2. The Kenneth State organization sells a product for which the annual demand is 2000 units. The average holding cost is $ 2.00 per unit per year and the ordering Cost is $ 80 per order. The optimal number of units to be ordered ( Q*) is 400 units. What is the total annual cost?
a $400
b $600
c $800
d $1000
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