1. A company will begin stocking remote control devices. Expected monthly demand is 900 units. The controllers will be purchased from RCD supplieroffering price breaks for quantities. RCD's price list is as follows:Quantity RangeUnit PriceO to 29917.00300 to 39916.60400 to 016.20Given that ordering cost is $45 and annual holding cost is 0.20 of unit price per unit, provide thefollowing results:What is the feasible quantity?What is the total annual ordering cost at this quantity? $What is the total annual holding cost at this quantity? $What is the total annual material cost at this quantity? $What is the total annual cost at this quantity? $What is the most economical quantity to order?What is the savings in total annual cost at this quantity? $FORMAT FOR ENTRIES:All quantities and costs are in two decimals after the dot. (8457.20, for example)DO NOT ENTER $ sign for costsIf no saving in costs is available ENTER 0.00

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Answered: A company will begin stocking remote…

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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Q.No.2: Determine the type of scale (Nominal, Ordinal, Interval or Ratio) for the following examples. Age: _______________ Qualification: Intermediate Bachelor Master Phil. & Above Total work Experience in years: 1-5 6-10 11-15 16 & above Type of Organization ORIC R&D Firm Think tank Salary More than 15000 More than 25000 More than 45000 More than 95000 I love gardening. 1)Strongly Agree 2) Neutral 3)Disagree
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Q1. General Appliance Corp. produces refrigerators at three plants: Marietta, Minneapolis and Phoenix. They ship them to major retail outlets in Chicago, Los Angeles and New York City. The accounting, production and marketing departments have provided the following information in the given tables; Plant capacities over the next planning period, retail outlet demand and unit cost of shipping between any plant and retail outlet. The company would like to minimize the cost of their transportation network by identifying how many units to ship between each plant and retail outlet. 1. Formulate this linear optimization problem by clearly listing the decision variables, objective function and constraints. 2. Create a spreadsheet model for this problem and solve it using Solver. What is the minimum cost? Plant Supply Marietta 1200 Minneapolis 800 Phoenix 1600 Retail Outlet Demand Chicago 650 Los Angeles 1450 New York City 1500…
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Q: Final Reduced Objective Allowable Allowable Cell Name Value Cost Coefficient Increase Decrease $B$5 consider Cake (C) 0 -0.5 4.5 0.5 1E+30 $C$5 consider Dozen Cookies (D) 10 0 10 1E+30 1 what does the value minus .5 for the reduced cost of C mean (other than it is the change in thevalue of the coefficient in the objective function so that the solution includes a positive amountof C)?

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