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The maintenance department of a large hospital uses about 820 cases of liquid cleanser annually. Ordering...

The maintenance department of a large hospital uses about 820 cases of liquid cleanser annually. Ordering costs are $ 8, carrying costs are $ 10 per case a year, and the new price schedule is given in table below. Determine the optimal order quantity and the total cost. Show your work.

Range                  Price

1 to 49                  $30

50 to 79                $29

80 to 99                $28

100 or more         $27

0 0
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Answer #1

Economic order quantity has lowest total cost regarding ordering and holding inventory. Puse 2o S6-79 29 28 2 2 47 Here a-3622 2 -(-3622 = t 24962.22 2 131.21 2ss 23760 $24 151.2Date: Page: 2 2 2 2

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