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Problem 10-21 (Algorithmic) Apply the EOQ model to the following quantity discount situation in which D...

Problem 10-21 (Algorithmic)

Apply the EOQ model to the following quantity discount situation in which D = 450 units per year, Co = $42, and the annual holding cost rate is 30%.

Discount
Category
Order Size		 Discount
(%)
Unit Cost
1   0 to 99 0 $11.00  
2   100 or more 2 $10.78  

What order quantity do you recommend? If required, round your answer to the nearest whole number.

Math   Statistics-And-Probability   
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