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A hospital uses 1 8 , 0 0 0 syringes each year. The holding cost per box is $ 0 . 6 0 ordering costs
A hospital uses syringes each year. The holding cost per box is $
ordering costs are $ per order. The hospital buyer would like to take advantage
of quantity discounts offered by the supplier. The cost structure is as follows:
Use this data to answer the following:
a At what level is the EOQ?
b What is the optimal order quantity?
c What is the total cost at each level after the EOQ level?
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