Q2/A mobile device store produced 5,000 mobile phones in the first quarter of the year. If you know that the cost of product is 300$ per year, the cost of holding is 100$ and the shortage cost is 50$ per year, calculate : 1- EOQ. 2- Annual cost. 3- optimal order time. 4- shortage allowable quantity.
Q2/A mobile device store produced 5,000 mobile phones in the first quarter of the year. If you know that the cost of product is 300$ per year, the cost of holding is 100$ and the shortage cost is 50$ per year, calculate : 1- EOQ. 2- Annual cost. 3- optimal order time. 4- shortage allowable quantity.
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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![Q2/A mobile device store produced 5,000 mobile phones in the first quarter of the
year. If you know that the cost of product is 300$ per year, the cost of holding is
100$ and the shortage cost is 50$ per year, calculate :
1- EOQ.
2- Annual cost.
3- optimal order time.
4- shortage allowable quantity.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1a50874f-1048-48c0-a6ff-09362e814175%2F4254e408-0833-4763-bf78-4d46583c5079%2Ffe6tsbp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Q2/A mobile device store produced 5,000 mobile phones in the first quarter of the
year. If you know that the cost of product is 300$ per year, the cost of holding is
100$ and the shortage cost is 50$ per year, calculate :
1- EOQ.
2- Annual cost.
3- optimal order time.
4- shortage allowable quantity.
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