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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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As ato industry urchuses d lighes ut the rate of OMIL 25 por plets The annual consmptuon uf bead
ights Is 18,000 mambers'. The ordering cost is OMR 250 per order and carrying cost is 25% p.a, and time
betwoen orders based on 220 working days per year. If the supplier of head lights offers a discount of 5% for
order quantity of 3,000 no's per order. Determine the following? Considering this information, answer the
following questions. (round off to the nearest zero)
(A) Find the economic order quantity:
(B) Find Number of orders in a year:
(C) Time between successive order:
(D) Total cost on Discount TC(discount):
Transcribed Image Text:As ato industry urchuses d lighes ut the rate of OMIL 25 por plets The annual consmptuon uf bead ights Is 18,000 mambers'. The ordering cost is OMR 250 per order and carrying cost is 25% p.a, and time betwoen orders based on 220 working days per year. If the supplier of head lights offers a discount of 5% for order quantity of 3,000 no's per order. Determine the following? Considering this information, answer the following questions. (round off to the nearest zero) (A) Find the economic order quantity: (B) Find Number of orders in a year: (C) Time between successive order: (D) Total cost on Discount TC(discount):
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