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  3. given the price list below determine the order size that...

Question: given the price list below determine the order size that...

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Given the price list below, determine the order size that will minimize the total of annual holding, ordering, and purchasing costs. Annual demand is 500 units, ordering cost is S25, and holding cost is $10 per unit a year Quantity 1 to 20 21 to 30 31 to 40 41 or more Unit Price $180 178 175 174 18 50 C 27 86

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