Homework Help is Here – Start Your Trial Now!
Business
Operations Management
If the following data is known in determining the Quantity Discount with EOQ - Demand rate                         = 100.000 - Ordering Cost                       = 5000 - Holding/Carrying cost          = 600 Price Range LOWER UPPER PRICE 1 1 1000 1000

If the following data is known in determining the Quantity Discount with EOQ - Demand rate                         = 100.000 - Ordering Cost                       = 5000 - Holding/Carrying cost          = 600 Price Range LOWER UPPER PRICE 1 1 1000 1000

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...
See similar textbooks
icon
Related questions
Question

If the following data is known in determining the Quantity Discount with EOQ

- Demand rate                         = 100.000

- Ordering Cost                       = 5000

- Holding/Carrying cost          = 600

Price Range

LOWER

UPPER

PRICE

1

1

1000

1000

2

1001

1500

900

3

1501

3000

800

4

3001

3500

700

5

3501

3750

650

6

3751

4000

600

Based on the data provided, determine the optimal order quantity and total cost for this case!

       
       

2

1001

1500

900

3

1501

3000

800

4

3001

3500

700

5

3501

3750

650

6

3751

4000

600

 

- Holding/Carrying cost Demand rate - Ordering Cost Price Range = 100.000 = 5000 = 600 LOWER UPPER PRICE 1 1 1000 1000 2 1001 1500 900 3 1501 3000 800 4 3001 3500 700 5 3501 3750 650 10 6 3751 4000 600
Transcribed Image Text:- Holding/Carrying cost Demand rate - Ordering Cost Price Range = 100.000 = 5000 = 600 LOWER UPPER PRICE 1 1 1000 1000 2 1001 1500 900 3 1501 3000 800 4 3001 3500 700 5 3501 3750 650 10 6 3751 4000 600
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 8 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS