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A company purchased 215 of a certain part annually. It costs them $4.25 to place a purchase order and $1.10 per unit per year in
A company purchased 215 of a certain part annually. It costs them $4.25 to place a purchase order and $1.10 per unit per year in holding costs. The supplier has given them this price list with quantity discounts: Qty Price 0-24 7 25-49 6.75 50-100 6 100+ 5.95 If they calculate EOQ to be 46 (and no this is not the answer to the prior question), what is the quantity (Q) the company should purchase to obtain the lowest total cost? Do not round
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