1. a. Determine an A-B-C classification for these items: Item Unit Cost Annual Volume (00) 1 $100 25 2 80 30 3 15 60 4 50 10 5 70 6 60 85 7 10 60 b. Find the EOQ given this information: D = 4,500 units/year, S = $36, and H= $10 per unit per year. c. Find the economic production quantity given this information. D = 18,000 units/year, S - $100, H- $40 per unit per year, p = 120 units per day, and u = 90 units/day 11
1. a. Determine an A-B-C classification for these items: Item Unit Cost Annual Volume (00) 1 $100 25 2 80 30 3 15 60 4 50 10 5 70 6 60 85 7 10 60 b. Find the EOQ given this information: D = 4,500 units/year, S = $36, and H= $10 per unit per year. c. Find the economic production quantity given this information. D = 18,000 units/year, S - $100, H- $40 per unit per year, p = 120 units per day, and u = 90 units/day 11
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...
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![1. a. Determine an A-B-C classification for these items:
Item Unit Cost Annual Volume (00)
1
$100
25
2
80
30
3
15
60
4
50
10
5
70
6
85
7
10
60
b. Find the EOQ given this information: D = 4,500 units/year, S = $36, and H= $10 per unit per year.
c. Find the economic production quantity given this information.
D = 18,000 units/year, S = $100, H = $40 per unit per year, p = 120 units per day, and u =
90 units/day
11
60](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F08789dc5-a0d9-4724-8490-140d8c1343b6%2Fb4ce9ef2-4084-471e-9f26-e141da423d67%2Fxwy35de_processed.png&w=3840&q=75)
Transcribed Image Text:1. a. Determine an A-B-C classification for these items:
Item Unit Cost Annual Volume (00)
1
$100
25
2
80
30
3
15
60
4
50
10
5
70
6
85
7
10
60
b. Find the EOQ given this information: D = 4,500 units/year, S = $36, and H= $10 per unit per year.
c. Find the economic production quantity given this information.
D = 18,000 units/year, S = $100, H = $40 per unit per year, p = 120 units per day, and u =
90 units/day
11
60
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