Question;A mail-order house uses 18,000 boxes a year. Carrying costs are 60 cents per box a year, and ordering costs are $96. The following price schedule applies.Number of Boxes Price Per Box1,000 to 1,999 $1.252,000 to 4,999 $1.205,000 to 9,999 $1.1510,000 or more $1.10Determine the following:? a. The optimal order quantity.? b. The number of orders per year.
Paper#62037 | Written in 18-Jul-2015Price : $22