solve it clearly and correctly. i will rate There's 2 operations in the current operation(operation 1) the EOQ (economic orderquantity) is about 13,000 and the orders peryear are 13. In the new operation plan(operation 2) the EOQ is around 6,500 andthe orders per year are 26. Should they gowith the new operating system or stick withthe old one? Please EXPLAIN why :)

Answered: There's 2 operations in the current…

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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SUBJECT: MANAGEMENT SCIENCE LESSON: INVENTORY
Biona Enterprise usually gets everyday order of a hundred dozen units while the production can make triple amount of the orders. Thus, any surplus must be deposited in the storage with a cost of $9.50 per unit. Once order takes place, the enterprise will serve it within four working days at $200 for the delivery charges. The enterprise works five days a week and closes it operations three weeks per year while keep some stocks approximately 3% of the yearly demand. Find the optimum value of ordering. The size of Kanban. How frequent the enterprise should deliver the orders in a six-month period?
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Hi please help me with this one. You may use excel if you want thank you! :)

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