Scary Clowns, Inc., supplies special makeup cases to a major circus. The circus orders its EOQ of 800 cases every 3 months from Scary Clowns. Scary Clowns incurs setup costs of $5,000 every time it produces these cases, and its annual holding cost per case is $14. Question content area bottom Part 1 a. Which inventory model fits the best to this problem? A.All-units quantity discounts model B. Incremental quantity discounts model C.One-time sale model D. EOQ model E. POQ model F. Lumpy demand model b. Scary Clowns should produce enter your response here units in each batch (round your response to the nearest integer). c. The total annual setup and holding cost for Scary Clowns using this policy is $enter your response here (round your response to the nearest
Scary Clowns, Inc., supplies special makeup cases to a major circus. The circus orders its EOQ of 800 cases every 3 months from Scary Clowns. Scary Clowns incurs setup costs of $5,000 every time it produces these cases, and its annual holding cost per case is $14. Question content area bottom Part 1 a. Which inventory model fits the best to this problem? A.All-units quantity discounts model B. Incremental quantity discounts model C.One-time sale model D. EOQ model E. POQ model F. Lumpy demand model b. Scary Clowns should produce enter your response here units in each batch (round your response to the nearest integer). c. The total annual setup and holding cost for Scary Clowns using this policy is $enter your response here (round your response to the nearest
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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Scary Clowns, Inc., supplies special makeup cases to a major circus. The circus orders its EOQ of 800 cases every 3 months from Scary Clowns. Scary Clowns incurs setup costs of $5,000 every time it produces these cases, and its annual holding cost per case is $14.
Question content area bottom
Part 1
a. Which inventory model fits the best to this problem?
A.
All-units quantity discounts model
B.
Incremental quantity discounts model
C.
One-time sale model
D.
EOQ model
E.
POQ model
F.
Lumpy demand model
b. Scary Clowns should produce enter your response here units in each batch (round your response to the nearest integer).
c. The total annual setup and holding cost for Scary Clowns using this policy is $enter your response here (round your response to the nearest
Transcribed Image Text:Scary Clowns, Inc., supplies special makeup cases to a major circus. The circus orders its EOQ of 800 cases every 3 months from Scary Clowns.
Scary Clowns incurs setup costs of $5,000 every time it produces these cases, and its annual holding cost per case is $14.
a. Which inventory model fits the best to this problem?
A. All-units quantity discounts model
B. Incremental quantity discounts model
C. One-time sale model
D. EOQ model
E. POQ model
F. Lumpy demand model
b. Scary Clowns should produce
units in each batch (round your response to the nearest integer).
c. The total annual setup and holding cost for Scary Clowns using this policy is $ (round your response to the nearest dollar).
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