Find order quantity that will minimize total annual

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Reference no: EM132252467

A jewelry firms buys semiprecious stones to make bracelets and rings. the supplier quotes a price of $8.90 per stone for quantities of 600 stones or more, $9.60 per stone for orders of 400 to 599 stines,and $10 per stone for lesser quantities. the jewelry firm operates on a 192 days per year. usage rate. is 25 stones per day,and ordering costs are $48

a. if carrying costs are two per year for each stone, find the order quantity that will minimize total annual?

Reference no: EM132252467

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