The Warren Fischer Computer Corporation purchases 8000 transistors each year as components in minicomputers. The unit cost of each transistor is R10, and the cost of carrying each single transistor in inventory for the year is R3. Ordering cost is R30 per order. Calculate the optimal order quantity, the expected number of orders placed each year, the expected time between the orders? Assuming that fisher operates a 200-day working year.
The Warren Fischer Computer Corporation purchases 8000 transistors each year as components in minicomputers. The unit cost of each transistor is R10, and the cost of carrying each single transistor in inventory for the year is R3. Ordering cost is R30 per order. Calculate the optimal order quantity, the expected number of orders placed each year, the expected time between the orders? Assuming that fisher operates a 200-day working year.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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The Warren Fischer Computer Corporation purchases 8000 transistors each year as components in
minicomputers. The unit cost of each transistor is R10, and the cost of carrying each single
transistor in inventory for the year is R3. Ordering cost is R30 per order. Calculate the optimal order
quantity, the expected number of orders placed each year, the expected time between the orders?
Assuming that fisher operates a 200-day working year.
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