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The annual demand for a product has been projected at 2,000 units. This demand is assumed to be constant throughout the year. The ordering cost is $20 per order, and the holding cost is 20 percent of the purchase cost. Currently, the purchase cost is $40 per unit. There are 250 working days per year. Whenever an order is placed, it is known that the entire order will arrive on a truck in 6 days. Currently, the company is ordering 500 units each time an order is placed. What is the total holding cost for the year using this policy?
A) $400
B) $2,000
C) $4,000
D) $8,000
E) None of the above
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Quantitative Analysis for Management

Quantitative Analysis for Management


Edition: 12th
Authors:
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assignment009 Author
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thank uuuuuu
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