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Business, 31.03.2020 04:02 babyquinnz

A manufacturer of exercise equipment purchases the pulley section of the equipment from a supplier who lists these prices: $5 each for less than 1,000; $4.95 each for 1,000 to 3,999; $ 4.90 each for 4,000 to 5,999; and $4.85 for 6,000 or more. Fixed ordering costs are $50.00, annual holding costs are 40 percent of the purchase cost, and annual demand is 4,900 pulleys. Determine an order quantity that will minimize total cost.

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A manufacturer of exercise equipment purchases the pulley section of the equipment from a supplier w...
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