Business, 12.03.2020 18:55, trinity7265

The monthly demand for mountain bicycle is 75 units. The cost of placing an order is $18 and the annual holding cost for one bicycle is 15% of its cost. Cost of each bicycle is $750. a) How many bicycles should we order each time to minimize the inventory cost?

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The monthly demand for mountain bicycle is 75 units. The cost of placing an order is $18 and the ann...