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Assume that the following quantity discount schedule, for a particular bearing, is available to a retail store:Order sizeDiscount 0 - 4 9 0 % 5
Assume that the following quantity discount schedule, for a particular bearing, is available to a retail store:Order sizeDiscount and aboveThe cost of a single bearing with no discount is Rs The annual demand is units. Ordering cost is Rs per order and annual inventory carrying cost is Rs per unit. Determine the optimal order quantity and the associated minimum total cost of inventory and purchasing costs if shortages
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