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Need to calculate cost minizing order size, need solution asap Q.2. (10 Marks) The annul demand for an item of inventory is 90 units. The
Need to calculate cost minizing order size, need solution asap
Q.2. (10 Marks) The annul demand for an item of inventory is 90 units. The item costs 300 a unit to purchase, the holding cost for one unit for one year is 18% of the unit cost and ordering costs are 400 an order. The Supplier offers a 5% discount for orders of 150 units or more, and a discount of 12% for orders of 180 units or more. 1 Required: Calculate the cost-minimizing order sizeStep by Step Solution
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