If the following data is known in determining the Quantity Discount with EOQ - Demand rate = 100.000 - Ordering Cost = 5000 - Holding/Carrying cost = 600 Price Range LOWER UPPER PRICE 1 1 1000 1000
If the following data is known in determining the Quantity Discount with EOQ - Demand rate = 100.000 - Ordering Cost = 5000 - Holding/Carrying cost = 600 Price Range LOWER UPPER PRICE 1 1 1000 1000
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
Related questions
Question
If the following data is known in determining the Quantity Discount with EOQ
- Demand rate = 100.000
- Ordering Cost = 5000
- Holding/Carrying cost = 600
|
Price Range |
LOWER |
UPPER |
PRICE |
|
1 |
1 |
1000 |
1000 |
|
2 |
1001 |
1500 |
900 |
|
3 |
1501 |
3000 |
800 |
|
4 |
3001 |
3500 |
700 |
|
5 |
3501 |
3750 |
650 |
|
6 |
3751 |
4000 |
600 |
Based on the data provided, determine the optimal order quantity and total cost for this case!
|
2 |
1001 |
1500 |
900 |
|
3 |
1501 |
3000 |
800 |
|
4 |
3001 |
3500 |
700 |
|
5 |
3501 |
3750 |
650 |
|
6 |
3751 |
4000 |
600 |
Transcribed Image Text:- Holding/Carrying cost
Demand rate
- Ordering Cost
Price Range
= 100.000
= 5000
= 600
LOWER
UPPER
PRICE
1
1
1000
1000
2
1001
1500
900
3
1501
3000
800
4
3001
3500
700
5
3501
3750
650
10
6
3751
4000
600
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 8 images
Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.