Develop a EOQ solution and calculate total relevant costs for the gross requirements in the following table*. Period 1 Gross requirements 20 3 4 5 6 7 8 40 30 20 20 *Holding cost = $1.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40. What is the average demand per week? (enter your responses with 2 decimal places): Calculate Economic Order Quantity (EOQ) (enter your responses as whole numbers): Calculate the number of periods for POQ (enter your responses as whole numbers): Develop a POQ solution (enter your responses as whole numbers). Period Gross requirements Scheduled receipt Projected On-hand Net Requirements Planned Order receipt Planned Order release Setup cost for 12 weeks is $ Carrying cost for 12 weeks is 40 2 1 2 3 4 5 6 7 8 9 30 20 20 20 40 10 (enter your response as a whole number). $ (enter your response as a whole number). The total cost is $ 9 10 10 40 (enter your response as a whole number). 11 12 50 10 11 12 40 50
Develop a EOQ solution and calculate total relevant costs for the gross requirements in the following table*. Period 1 Gross requirements 20 3 4 5 6 7 8 40 30 20 20 *Holding cost = $1.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40. What is the average demand per week? (enter your responses with 2 decimal places): Calculate Economic Order Quantity (EOQ) (enter your responses as whole numbers): Calculate the number of periods for POQ (enter your responses as whole numbers): Develop a POQ solution (enter your responses as whole numbers). Period Gross requirements Scheduled receipt Projected On-hand Net Requirements Planned Order receipt Planned Order release Setup cost for 12 weeks is $ Carrying cost for 12 weeks is 40 2 1 2 3 4 5 6 7 8 9 30 20 20 20 40 10 (enter your response as a whole number). $ (enter your response as a whole number). The total cost is $ 9 10 10 40 (enter your response as a whole number). 11 12 50 10 11 12 40 50
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...
Related questions
Question
Develop a EOQ solution and calculate total relevant costs for the gross requirements in the following table*.
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Period
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1
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2
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3
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4
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5
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6
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7
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8
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9
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10
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11
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12
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Gross requirements
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20
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40
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30
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20
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20
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10
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40
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50
|
*Holding
cost=$1.50/unit/week;
setup
cost=$150;
lead
time=1
week; beginning
inventory=40.
What is the average demand per week?
(enter
your responses with 2 decimal
places):
enter your response hereCalculate Economic Order Quantity (EOQ)
(enter
your responses as whole
numbers):
enter your response here
Calculate the number of periods for POQ
(enter
your responses as whole
numbers):
enter your response hereDevelop a POQ solution
(enter
your responses as whole
numbers).
|
Period
|
|
1
|
2
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3
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4
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5
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6
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7
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8
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9
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10
|
11
|
12
|
|
Gross requirements
|
|
20
|
|
40
|
|
30
|
20
|
20
|
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10
|
40
|
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50
|
|
|
|
|
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|
|
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Projected On-hand
|
40
|
enter your response here
|
enter your response here
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enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
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enter your response here
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enter your response here
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enter your response here
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enter your response here
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enter your response here
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Net Requirements
|
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
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enter your response here
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enter your response here
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enter your response here
|
enter your response here
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enter your response here
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Planned Order receipt
|
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|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
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Planned Order release
|
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
|
Setup cost for 12 weeks is
$enter your response here
(enter
your response as a whole
number).
Carrying cost for 12 weeks is
$enter your response here
(enter
your response as a whole
number).
The total cost is
$enter your response here
(enter
your response as a whole
number).
![### Inventory Management Calculation
#### Task Instructions
Develop an EOQ solution and calculate total relevant costs for the gross requirements in the following table*.
| Period | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 |
|--------------------|----|----|----|----|----|----|----|----|----|----|----|----|
| Gross requirements | 20 | 40 | 30 | 20 | 20 | 20 | 10 | 40 | 50 |
*Holding cost = $1.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40.
#### Questions
1. **What is the average demand per week?**
*(enter your response with 2 decimal places):*
[Input Box]
2. **Calculate Economic Order Quantity (EOQ)**
*(enter your responses as whole numbers):*
[Input Box]
3. **Calculate the number of periods for POQ**
*(enter your responses as whole numbers):*
[Input Box]
4. **Develop a POQ solution** *(enter your responses as whole numbers)*
| Period | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 |
|--------------------|----|----|----|----|----|----|----|----|----|----|----|----|
| Gross requirements | 20 | 40 | 30 | 20 | 20 | 20 | 10 | 40 | 50 |
- **Scheduled receipt:** [Input Boxes]
- **Projected On-hand:** 40 [Input Boxes]
- **Net Requirements:** [Input Boxes]
- **Planned Order receipt:** [Input Boxes]
- **Planned Order release:** [Input Boxes]
5. **Setup cost for 12 weeks is**
[Input Box]
*(enter your response as a whole number)*.
6. **Carrying cost for 12 weeks is**
[Input Box]
*(enter your response as](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F135ae681-a644-4164-9b10-2ae2e87534da%2F619713f4-c7a7-4659-9cc9-d61c942796d6%2Fbejvb3a_processed.png&w=3840&q=75)
Transcribed Image Text:### Inventory Management Calculation
#### Task Instructions
Develop an EOQ solution and calculate total relevant costs for the gross requirements in the following table*.
| Period | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 |
|--------------------|----|----|----|----|----|----|----|----|----|----|----|----|
| Gross requirements | 20 | 40 | 30 | 20 | 20 | 20 | 10 | 40 | 50 |
*Holding cost = $1.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40.
#### Questions
1. **What is the average demand per week?**
*(enter your response with 2 decimal places):*
[Input Box]
2. **Calculate Economic Order Quantity (EOQ)**
*(enter your responses as whole numbers):*
[Input Box]
3. **Calculate the number of periods for POQ**
*(enter your responses as whole numbers):*
[Input Box]
4. **Develop a POQ solution** *(enter your responses as whole numbers)*
| Period | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 |
|--------------------|----|----|----|----|----|----|----|----|----|----|----|----|
| Gross requirements | 20 | 40 | 30 | 20 | 20 | 20 | 10 | 40 | 50 |
- **Scheduled receipt:** [Input Boxes]
- **Projected On-hand:** 40 [Input Boxes]
- **Net Requirements:** [Input Boxes]
- **Planned Order receipt:** [Input Boxes]
- **Planned Order release:** [Input Boxes]
5. **Setup cost for 12 weeks is**
[Input Box]
*(enter your response as a whole number)*.
6. **Carrying cost for 12 weeks is**
[Input Box]
*(enter your response as
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