As an inventory manager, you must decide on the order quantity for an item. Its annual demand is 679 units. Ordering costs are $
7 each time an order is placed, and the holding cost is 10% of the unit cost. Your supplier provided the following price schedule. Quantity Price per Unit 1 - 100 $5.65 101 - 350 $4.95 351 or more $4.55 What ordering-quantity policy do you recommend
Our goal is to get y by itself We will first add 3x to both sides to get -5y = 3x - 15 We will then divide both sides by -5 to get y by itself which becomes y = -3/5x + 3
