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Annual Annual Product Production Holding cost ($ per unit per Set up cost ($) per Demand ($) year) order (units) A 1,500 $30,000 $11 $39 B 1,800 $45,000 $7 $20 C 1,900 $55,000 $5 $25

Annual Annual Product Production Holding cost ($ per unit per Set up cost ($) per Demand ($) year) order (units) A 1,500 $30,000 $11 $39 B 1,800 $45,000 $7 $20 C 1,900 $55,000 $5 $25

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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Calculate the economic production quantities for three products that use the same equipment. For each product, unit cost is based on material, production and overhead costs that sums $30 per unit. The company operates 290 days per year. The following table has the needed information:

Find the economic order quantity for each product (assume non-instantaneous receipt).

 

 

 

 

Annual Annual Product Production Holding cost ($ per unit per Set up cost ($) per Demand ($) year) order (units) A 1,500 $30,000 $11 $39 B 1,800 $45,000 $7 $20 C 1,900 $55,000 $5 $25
Transcribed Image Text:Annual Annual Product Production Holding cost ($ per unit per Set up cost ($) per Demand ($) year) order (units) A 1,500 $30,000 $11 $39 B 1,800 $45,000 $7 $20 C 1,900 $55,000 $5 $25
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