Business, 07.05.2021 04:10 navarretteisaiah09
Dunder Mifflin considers two possible suppliers for three ring binders: PaperCo SupplyMax Cost per binder $2.50 $2.44 Minimum order None 750 For either supplier, Dunder Mifflin incurs a holding cost of 25% per year, and a fixed cost of $50 per order. Assume Dunder Mifflin wants to minimize their total cost (material cost ordering cost holding cost). Use a deterministic inventory model. ROUND ALL ANSWERS TO THE NEAREST UNIT OR NEAREST DOLLAR. 1. If the annual demand is 2000, determine the order quantity and total annual cost for each option: PaperCo SupplyMax Order quantity Q Total annual cost
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