7. A small electronics company purchases three types of subcomponents. The management desires never to have an investmen
Posted: Tue Apr 26, 2022 5:00 pm
7. A small electronics company purchases three types of subcomponents. The management desires never to have an investment n excess of 15,000 USD. No backorders are allowed and the inventory carrying cost rate is 20%. The related data are given below. Determine the optimum order quantity for each item. Item 1 Item 2 Item 3 Demand rate 1000 1000 2000 Item cost 50 USD 20 USD 80 USD Setup cost 50 USD 50 USD 50 USD