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International Diesel Machine (IDM) purchases 43123 premium oil filters each year at a price of $4.48 per unit. The ordering cost is $ 11
International Diesel Machine (IDM) purchases 43123 premium oil filters each year at a price of $4.48 per unit. The ordering cost is $ 11 per order, and the annual holding cost is estimated at 0.29 of the unit value. The supplier to IDM will increase his unit price from $ 4.48 to $ 4.94 on 1 July How long will this order last in years? Remember that you need to calculate the lot size on June 30 before the price increase is effective if the stock position is 401 units.
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