A supplier's price schedule is: Order Quantity Price per Unit 0–99 $50 100 or more 45 If ordering cost is $16 per order, annual holding cost is 20 percent of the purchase price, and annual demand is 1,800 items, what is the best order quantity? Step 1: 2DS EOQ45.00 H 2DS EOQ50.00 H Step 2: 1,800 76 C76 (50x 0.2)+ 2 (16)+ 50(1,800) = $90,759 76 C100 = The best order quantity is units.

A supplier's price schedule is: Order Quantity Price per Unit 0–99 $50 100 or more 45 If ordering cost is $16 per order, annual holding cost is 20 percent of the purchase price, and annual demand is 1,800 items, what is the best order quantity? Step 1: 2DS EOQ45.00 H 2DS EOQ50.00 H Step 2: 1,800 76 C76 (50x 0.2)+ 2 (16)+ 50(1,800) = $90,759 76 C100 = The best order quantity is units.

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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