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Q14.1. Determine the optimal order quantity. Q14.2. Determine the total minimum inventory cost,

Q14.1. Determine the optimal order quantity. Q14.2. Determine the total minimum inventory cost,

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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Electronic Village stocks and sells a particular brand of personal computer. It costs the store $ 450 each time it places an order with the manufacturer for the personal computers. The annual cost of carrying the PCs in inventory is $ 170. The store manager estimates that an annual demand for PCs will be 1200 units. Q14.1. Determine the optimal order quantity. Q14.2. Determine the total minimum inventory cost,
Transcribed Image Text:Electronic Village stocks and sells a particular brand of personal computer. It costs the store $ 450 each time it places an order with the manufacturer for the personal computers. The annual cost of carrying the PCs in inventory is $ 170. The store manager estimates that an annual demand for PCs will be 1200 units. Q14.1. Determine the optimal order quantity. Q14.2. Determine the total minimum inventory cost,
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