Visakha steel a company that supplies steel bundles to a construction company is having 250-day working year with the annual demand of 1000 units and setup costs of $10 per order. The holding cost per unit per year is $0.50.Reduce the inventory costs by determining the optimal number of hypodermic bundles to obtain per order. 230 units 350 units 200 units 450 units

Visakha steel a company that supplies steel bundles to a construction company is having 250-day working year with the annual demand of 1000 units and setup costs of $10 per order. The holding cost per unit per year is $0.50.Reduce the inventory costs by determining the optimal number of hypodermic bundles to obtain per order. 230 units 350 units 200 units 450 units

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Chapter16: Lean Supply Chain Management

Section: Chapter Questions

Problem 10DQ: The chapter presented various approaches for the control of inventory investment. Discuss three...

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