Annual holding cost is $3 per slicon chip. the optimal, Ask an Expert

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A toy manufacturer uses approximately 32,000 slicon chips annually. The chips are used at a steady rate during the 240 days a year that the plant operates. Annual holding cost is $3 per slicon chip. The optimal ordering quantity is 1600 chips per order. What is the assumed ordering cost, i.e. S ?
Select one:
a. 120
b. 0.075
c. Enough information is not given.
d. 240

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9697473

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