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The annual demand, ordering cost, and the annual inventory carrying cost rate for a certain item are D=600 units, S=$20 /order and I=30% of item
The annual demand, ordering cost, and the annual inventory carrying cost rate for a certain item are D=600 units, S=$20 /order and I=30% of item price. Price is established by the following quantity discount schedule. What should the order quantity be in order to minimize the total annual cost
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