Hello, I am looking for assistance for the following problem
Hello, I am looking for assistance for the following problem for a Operations Research question.
A mail-order house uses 15,450 boxes a year. Carrying costs are 60 cents per box a year, and ordering costs are $96. The following price schedule applies.
Number of Boxes Price per Box
1,000 to 1,999 $1.25
2,000 to 4,999 $1.20
5,000 to 9,999 $1.15
10,000 or more $1.10
a.
Determine the optimal order quantity. (Round your answer to the nearest whole number.)
Optimal order quantity boxes ____
b.
Determine the number of orders per year. (Round your answer to 2 decimal places.)
Number of orders per year _____