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for Vendor 2 at $17.10/pound, the economic order quantity is______ units (round your response to the nearest whole number) b) what quantity should be ordered,
for Vendor 2 at $17.10/pound, the economic order quantity is______ units (round your response to the nearest whole number)
b) what quantity should be ordered, and which supplier should be used?
therefore, the best option is to place the order with ___for an order size ____ units.
c) The total cost for the most economic order size is $____(round your response to the nearest whole number)
Emery Pharmaceutical uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. Emery uses 800 pounds per month of the chemical, estimates the holding cost to be 50% of the purchase price (because of spoilage), and estimates order costs to be $46 per order. The cost schedules of two suppliers are as follows: This exercise contains only parts a,b, and c. a) What is the economic order quantity for each supplier? For Vendor 1 at $17.00/ pound, the economic order quantity is units (round your response to the nearest whole number)Step by Step Solution
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