Question

. GOLDMEDAL Company estimated demand for gold-filled medals. The demand is 2,420 medal per year. Manager...

. GOLDMEDAL Company estimated demand for gold-filled medals. The demand is 2,420
medal per year. Manager Sibel has indicated that ordering cost is 45 TL, and the following
price schedule will be used by supplier. If you order medals between 1 to 599 you pay 0.90
TL for each; If you order medals between 600 to 1,199 you pay 0.80 TL for each; and If
you order medals 1,200 or more, you pay 0.75 TL for each. What order size will minimize
total cost if carrying cost is $.18 per medal on an annual basis? (20 points)

Math   Statistics-And-Probability   
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