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

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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