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What is the optimal order quantity

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Reference no: EM132078249

Annual demand for an item is 40,000 units. The holding cost rate is 30% of the item cost. Ordering costs are $60/ order. Quantity discounts are available according to the schedule below: Quantity Price per Unit ($) 1-99 90.00 100-299 85.00 300-399 80.00 400+ 78.00

a. What is the optimal order quantity?

b. What is the total annual inventory cost of your policy?

c. Assume 52 five-day weeks per year. If the lead-time is 5 weeks, what should the reorder point be?

Reference no: EM132078249

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