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Business, 30.03.2020 16:57 cherkaouinazihp387bk

Suppose that the demand rate is 500 units per week. The fixed ordering cost is $60 per order. The unit inventory cost is 20% of the product cost. The cost of the product depends on the quantity ordered. It is $0.05 when you order less than 2300 units, $0.048 when you order between 2301 and 5000 units and $0.045 when you order more than 3000 units. What is your optimal order quantity if you intend to limit the number of units to at or below 2300 units

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