If the following data is known in determining the Quantity Discount with EOQ - Demand rate = 100.000 - Ordering Cost = 5000 - Holding/Carrying cost = 600 Price Range LOWER UPPER PRICE 1 1 1000 1000
If the following data is known in determining the Quantity Discount with EOQ - Demand rate = 100.000 - Ordering Cost = 5000 - Holding/Carrying cost = 600 Price Range LOWER UPPER PRICE 1 1 1000 1000
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
If the following data is known in determining the Quantity Discount with EOQ
- Demand rate = 100.000
- Ordering Cost = 5000
- Holding/Carrying cost = 600
|
Price Range |
LOWER |
UPPER |
PRICE |
|
1 |
1 |
1000 |
1000 |
|
2 |
1001 |
1500 |
900 |
|
3 |
1501 |
3000 |
800 |
|
4 |
3001 |
3500 |
700 |
|
5 |
3501 |
3750 |
650 |
|
6 |
3751 |
4000 |
600 |
Based on the data provided, determine the optimal order quantity and total cost for this case!
|
2 |
1001 |
1500 |
900 |
|
3 |
1501 |
3000 |
800 |
|
4 |
3001 |
3500 |
700 |
|
5 |
3501 |
3750 |
650 |
|
6 |
3751 |
4000 |
600 |
Transcribed Image Text:- Holding/Carrying cost
Demand rate
- Ordering Cost
Price Range
= 100.000
= 5000
= 600
LOWER
UPPER
PRICE
1
1
1000
1000
2
1001
1500
900
3
1501
3000
800
4
3001
3500
700
5
3501
3750
650
10
6
3751
4000
600
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