Determine the optimal order size for the hospital

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Reference no: EM131132914

Community Hospital orders latex sanitary gloves from a hospital supply firm. The hospital ex- pects to use 40,000 pairs of gloves per year. The cost to order and to have the gloves delivered is

$180. The annual carrying cost is $0.18 per pair of gloves. The hospital supply firm offers the following quantity discount pricing schedule:

Quantity Price

0-9,999	$0.34
10,000-19,999	0.32
20,000-29,999	0.30
30,000-39,999	0.28
40,000-49,999	0.26
50,000+	0.24

Determine the optimal order size for the hospital.

Reference no: EM131132914

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