A jewelry firm buys semiprecious stones to make bracelets, Ask an Expert

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A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier quotes a price of $8.00 per stone for quantities of 600 stones or more, $8.30 per stone for orders of 400 to 599 stones, and $10 per stone for lesser quantities. The jewelry firm operates 175 days per year. Usage rate is 25 stones per day, and ordering costs are $48.

If annual carrying costs are 30 percent of unit cost, what is the optimal order size? (Round your intermediate calculations and final answer to the nearest whole number.)

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93132214

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