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Complete the following MRP record using EOQ lot sizing technique. The holding cost is $3 per unit per period and the ordering cost is $500 per order. What is the ordering cost and holding costs using end inventory values? Assume that the lot size cannot exceed the EOQ size and back ordering is possible without any additional costs. (ordering cost/holding costs) Period 4 180 60 EOQ GR SR PA NR POR 0 10 ($3,188/$3,440) ($1,440/$2,000) ($3,188/$2,000) ($2,000/$1,440) 1 60 2 90 150 3 125 5 150 6 50 7 450 8 60

Complete the following MRP record using EOQ lot sizing technique. The holding cost is $3 per unit per period and the ordering cost is $500 per order. What is the ordering cost and holding costs using end inventory values? Assume that the lot size cannot exceed the EOQ size and back ordering is possible without any additional costs. (ordering cost/holding costs) Period 4 180 60 EOQ GR SR PA NR POR 0 10 ($3,188/$3,440) ($1,440/$2,000) ($3,188/$2,000) ($2,000/$1,440) 1 60 2 90 150 3 125 5 150 6 50 7 450 8 60

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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Complete the following MRP record using EOQ lot sizing technique. The holding cost is $3 per unit per period and the ordering cost is $500 per order. What is the ordering cost and holding costs using end inventory values? Assume that the lot size cannot exceed the EOQ size and back ordering is possible without any additional costs. (ordering cost/holding costs) 0000 EOQ GR SR PA NR POR 0 10 ($3,188/$3,440) ($1,440/$2,000) ($3,188/$2,000) ($2,000/$1,440) 1 60 2 90 150 3 125 Period 4 180 60 5 150 6 50 7 450 8 60
Transcribed Image Text:Complete the following MRP record using EOQ lot sizing technique. The holding cost is $3 per unit per period and the ordering cost is $500 per order. What is the ordering cost and holding costs using end inventory values? Assume that the lot size cannot exceed the EOQ size and back ordering is possible without any additional costs. (ordering cost/holding costs) 0000 EOQ GR SR PA NR POR 0 10 ($3,188/$3,440) ($1,440/$2,000) ($3,188/$2,000) ($2,000/$1,440) 1 60 2 90 150 3 125 Period 4 180 60 5 150 6 50 7 450 8 60
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