M. P. VanOyen Manufacturing has gone out on bid for a regulator component. Expected demand is 725 units per month. The item can be purchased from either Allen Manufacturing or Baker Manufacturing. Their price lists are shown in the table. Ordering cost is $50, and annual holding cost per unit is $4. Allen Mfg. Quantity 1-499 Unit Price $16.00 15.50 Baker Mfg. Quantity 1-399 Unit Price $16.10 400-799 800+ 500-999 15.60 15.10 1000+ 15.00 a) What is the economic order quantity if price is not a consideration? units (round your response to the nearest whole number).

M. P. VanOyen Manufacturing has gone out on bid for a regulator component. Expected demand is 725 units per month. The item can be purchased from either Allen Manufacturing or Baker Manufacturing. Their price lists are shown in the table. Ordering cost is $50, and annual holding cost per unit is $4. Allen Mfg. Quantity 1-499 Unit Price $16.00 15.50 Baker Mfg. Quantity 1-399 Unit Price $16.10 400-799 800+ 500-999 15.60 15.10 1000+ 15.00 a) What is the economic order quantity if price is not a consideration? units (round your response to the nearest whole number).

Name: M. P. VanOyen Manufacturing has gone out on bid for a regulator compo
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Description: M. P. VanOyen Manufacturing has gone out on bid for a regulator component. Expected demand is 725 units per month. Theitem can be purchased from either Allen Manufacturing or Baker Manufacturing. Their price lists are shown in the table.Ordering cos

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter3: Introduction To Optimization Modeling

Section3.8: A Multiperiod Production Model

Problem 22P

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