Find order quantity that results in minimum inventory cost

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Reference no: EM13962452

Georgia products offers the following discounts schedule for its 4 by 8 foot sheets of good-quality plywood: Order Unit Cost ($) 99 sheets or less 18.00 100 to 299 sheets 17.00 300 to 499 sheets 16.00 500 or more 15.00 Home Sweet Home Company orders plywood from Georgia Products. They have ordering cost of $35, carrying cost of 20% of unit cost, and annual demand of 2,000 sheets. Find the order quantity that results in minimum inventory cost.

Reference no: EM13962452

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