Order quantity utilizing the all-units quantity discounts

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Reference no: EM131041838

In your own words, define training, and explain how training has evolved from training as an event to learning. Discuss the difference between learning and knowledge in your responseA company is trying to decide the optimal order quantity utilizing the all-units quantity discounts. The product that this company sells has its annual demand 1000 units. The setup cost is $50 per order and its annual holding cost is 0.3% of the product’s unit price. The all-units quantity discounts the supplier offers are as below: Order Quantity Price per Unit 0-400 $60.00 401-600 $58.00 601 or more $55.00 (a) What’s the best order size? (b) What is the minimal total cost per year?.

Reference no: EM131041838

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