A shipment of parts valued at $95,000 needs to be shipped from Tampa, FL, to Chicago, IL. They could be shipped by rail, taking 16 days at a cost of $1,575, or by truck, taking 4 days at a cost of $2,440. The annual holding cost rate for this type of item has been estimated at 28%. What option is more economical?

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The Answer of A shipment of parts valued at $95,000 needs to be shipped from Tampa, FL, to Chicago, IL. They could be shipped by rail, taking 16 days at a cost of $1,575, or by truck, taking 4 days at a cost of $2,440. The annual holding cost rate for this type of item has been estimated at 28%. What option is more economical?

A Shipment of Parts Valued at $95,000 Needs to Be