Holding costs of inventory are 24 of the purchase price per, Ask an Expert

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The They Hatch'em, you scratch'em, We Catch 'em Pet Products Company has an annual demand of 2,00 flea collars. Each collar costs $1.75 in quantities of less than 700 and $1.35 in quantities of 700 or more. Ordering costs are $12.00 per order. Holding costs of inventory are 24% of the purchase price per year. How much should be ordered each time to minimize total cost?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M988143

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