Essay
A shipment of parts valued at $705,000 needs to be shipped from Montreal, QC to Edmonton, AB. They could be shipped by rail, taking 17 days at a cost of $1,500, or by truck, taking 4 days at a cost of $6,200. The annual holding cost rate for this type of item has been estimated at 30%. What option is more economical?
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Daily cost of holding the item is .3(705...View Answer
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