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a) Develop the EOQ MRP table. Calculate the total relevant costs. b) Develop the EPP MRP table. Calculate the total relevant costs.

a) Develop the EOQ MRP table. Calculate the total relevant costs. b) Develop the EPP MRP table. Calculate the total relevant costs.

Practical Management Science
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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3. Consider the following requirements for a certain product. Period Gross requirements 2 3 4 5 1 8. 200 200 500 400 400 Beginning inventory 500 units Setup cost = $500 per setup Lead time = 1 week Holding cost = $3 per unit per week a) Develop the EOQ MRP table. Calculate the total relevant costs. b) Develop the EPP MRP table. Calculate the total relevant costs. 70
Transcribed Image Text:3. Consider the following requirements for a certain product. Period Gross requirements 2 3 4 5 1 8. 200 200 500 400 400 Beginning inventory 500 units Setup cost = $500 per setup Lead time = 1 week Holding cost = $3 per unit per week a) Develop the EOQ MRP table. Calculate the total relevant costs. b) Develop the EPP MRP table. Calculate the total relevant costs. 70
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