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6. Assume that the following quantity discount schedule for a particular bearing is available to a retail store: (20 pts) Order size (units) 0-49
6. Assume that the following quantity discount schedule for a particular bearing is available to a retail store: (20 pts) Order size (units) 0-49 50-99 100-199 200 and above Discount 0% 5% 10% 12% The cost of a single bearing with no discount is $30. The annual demand is 250 units, ordering Cost is $20 per order and annual inventory carrying cost is $4 per unit. Determine the optimal Order quantity and the associated minimal total cost of inventory and purchasing cost, if shortages are not allowed.
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