The annual costs associated with purchasing highquality

Reference no: EM131106469

A consulting firm is trying to determine how to minimize the annual costs associated with purchasing highquality paper for its printers. Each time an order is placed, an ordering cost of $50 is incurred. The price per ream of printer paper depends on Q, the number of reams ordered, as shown in the file P12_31.xlsx. The annual holding cost is 20% of the dollar value of inventory. During each month, the consulting firm uses 80 reams of printer paper. Determine the optimal order quantity and the number of orders placed each year.

Reference no: EM131106469

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