40. An import/export firm has leased 20,000 cubic feet of storage space to store six itemsthat it imports from the Far East. The relevant data for the six items it plans to store inthe warehouse areSpace per Unit(feet)Annual DemandItem(units)Cost per UnitDVD32-inch flat screen TV 1,600Blank DVD's800$200.00150.0030.0012188,000(box of 10)Blank CD's12,00018.002(box of 50)Compact stereoTelephone4001,200250.002412.503Setup costs for each product amount to $2,000 per order, and holding costs arebased on a 25 percent annual interest rate. Find the optimal order quantities for thesesix items so that the storage space is never exceeded. (Hint: Use a cell location for theLagrange multiplier and experiment with different values until the storage constraintis satisfied as closely as possible.)

Given data Set up cost or ordering cost = $2000

Answered: 40. An import/export firm has leased…

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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2. The EOQ for Material is 7,500 gallons, and the carrying cost per gallon per year is P.25. What is the total annual carrying cost for Material?
Fat(g) Item cost($) $0.25 $0.15 $0.10 $0.09 $0.03 $0.04 $0.02 $0.04 Item Sodium(mg) Calories Beef Ratty.m 50 17 220 260 330 310 Bun Cheese 70 Onions 1 10 Pickles 260 5 wer Lettuce 3 4 Ketchup 160 20 Tomato 3 As the owner of a fastfoad restaurant with declining sales, your customers are looking for something new and exciting on the menu. Your market research indicates that they want a burger that is loaded with everything as long as it meets certain health requirements. Money is no object to them. The ingredient list in the table shows what is available to include on the burger. You must include at least one of each item and no more than five of each item. You must use whole items (for example, no half servings of cheese). The final burger must contain less than 3000 mg of sodium, less than 150 grams of fat, and less than 3000 calories. To maintain certain taste quality standards you'll need to keep the servings of ketchup and lettuce the same. Also, you'll need to keep the servings of…
Question 3 Which of the following Inventory Holding Costs refers to the cost associated with return on the investment in inventory? Service Capital Cost Space Risk
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