Question
**Please Help** The company Paradis Inc. produces bicycles and its annual production reaches 50 000 units per year. It purchases wheels from an outside supplier
**Please Help**
The company Paradis Inc. produces bicycles and its annual production reaches 50 000 units per year. It purchases wheels from an outside supplier at a cost of $15 each. The ordering costs are $500 per order while the annual storage costs per wheel are $2. The selling price of each bicycle is $200.
A) Calculate the economic quantity to be ordered.
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Public Finance Administration
Authors: B. J. Reed, John W. Swain
2nd Edition
0803974051, 978-0803974050
