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The annual demand for an item is 40,000 units. The cost to process an order is $40 and the annual inventory holding cost is $3 per item per year. What is the optimal order quantity, given the following price breaks for purchasing the item? Quantity Price 1-1,499 $2.50 per unit 1,500 - 4,999 $2.30 per unit 5,000 or more $2.25 per unit a. What is the optimal behaviour? b. Does the firm take advantage of the lowest price available? Explain.
Apply critical thinking and the learning from the major objectives of this week's material.
Articulate and Defend your own philosophy of corporate social responsibility and explain your corporate social responsibility strategey execution process
quantitative analysis for decision making class- question 1-search the internet and the articles database in the
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EOQ Show your work and the numbers used. You don't need to recreate the equations, but you need to clearly show the inputs (demand, holding costs, etc.) to the equations. The American Airlines Center wants to explore their inventory policy on purchas..
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