William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics: Demand D 20,000 units/year Ordering cost S $23/order Holding cost H $3/unit/year Part 2 a) The EOQ for the workbooks is ________ (round your response to the nearest whole number). Part 3 b) What are the annual holding costs for the workbooks? $________ (round your response to the nearest whole number). Part 4 c) What are the annual ordering costs? $_________ (round your response to the nearest whole number)
William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics: Demand D 20,000 units/year Ordering cost S $23/order Holding cost H $3/unit/year Part 2 a) The EOQ for the workbooks is ________ (round your response to the nearest whole number). Part 3 b) What are the annual holding costs for the workbooks? $________ (round your response to the nearest whole number). Part 4 c) What are the annual ordering costs? $_________ (round your response to the nearest whole number)
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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Question
William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics:
|
Demand D
|
20,000
units/year |
|
Ordering cost S
|
$23/order
|
|
Holding cost H
|
$3/unit/year
|
Part 2
a) The EOQ for the workbooks is
________
(round your response to the nearest whole number).Part 3
b) What are the annual holding costs for the workbooks?
$________
(round your response to the nearest whole number).Part 4
c) What are the annual ordering costs?
$_________
(round your response to the nearest whole number).Expert Solution
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