An item with a holding cost of $400 per year can be shipped by air in 1 day, costing $250, or by ground in 5 days, costing $150. Assuming the holding costs of $400 per year are based on an operational year of 365 days, which is cheaper and by how much? Select one: a. Ground is cheaper by $95.62 b. . Air is cheaper by $100. c. Ground is cheaper by $70.89 d. Ground is cheaper by $60.00 e. Ground and air have the same total cost

An item with a holding cost of $400 per year can be shipped by air in 1 day, costing $250, or by ground in 5 days, costing $150. Assuming the holding costs of $400 per year are based on an operational year of 365 days, which is cheaper and by how much? Select one: a. Ground is cheaper by $95.62 b. . Air is cheaper by $100. c. Ground is cheaper by $70.89 d. Ground is cheaper by $60.00 e. Ground and air have the same total cost

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Description: An item with a holding cost of $400 per year can be shipped by air in 1 day, costing $250, or by ground in 5 days, costing $150. Assuming the holding costs of $400 per year are based on an operational year of 365 days, which is cheaper and by how muc

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter11: Simulation Models

Section: Chapter Questions

Problem 47P

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