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Find the Optimal Economic order quantity for the following: Annual Demand-3600 units Ordering Cost-$50 Cost of Storage -20% of the unit price Price Break: Quantity Os Q1 ≤ 100 100 ≤ Q2 417 Units 363 Units 321 Units 316 Units Unit cost (5) 20 18

Find the Optimal Economic order quantity for the following: Annual Demand-3600 units Ordering Cost-$50 Cost of Storage -20% of the unit price Price Break: Quantity Os Q1 ≤ 100 100 ≤ Q2 417 Units 363 Units 321 Units 316 Units Unit cost (5) 20 18

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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Find the Optimal Economic order quantity for the following: Annual Demand - 3600 units Ordering Cost - $ 50 Cost of Storage - 20% of the unit price Price Break: Quantity 0 ≤ Q1 ≤ 100 100 ≤ Q2 417 Units 363 Units 321 Units 316 Units Unit cost (5) 20 18
Transcribed Image Text:Find the Optimal Economic order quantity for the following: Annual Demand - 3600 units Ordering Cost - $ 50 Cost of Storage - 20% of the unit price Price Break: Quantity 0 ≤ Q1 ≤ 100 100 ≤ Q2 417 Units 363 Units 321 Units 316 Units Unit cost (5) 20 18
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