Please solve in 30 minute Question 4The City Theater Center holds various shows, concerts and circuses. CTC vending annually sellslarge quantities of soft drinks and beer in plastic cups, with the name of the city on them. Thelocal container cup manufacturer that supplies the cups in boxes of 100 has offered CTCmanagement the following discount price schedule for cups:Order Quantity (in boxes)Price per Box $2000-6999477000-119994312000-199994120000+38The annual demand for cups is 2.3 million, the annual carrying cost per box of cups is $1.90, andthe ordering cost is $320. Determine the optimal order quantity and total annual inventory cost.Note: Please include all required calculations in your report clearly.

We would calculate the EOQ and total annual cost of all alternatives and the alternative with lowest…

The annual demand for cups is 2.3 million, the annual carrying cost per box of cups is $1.90, and the ordering cost is $320. Determine the optimal order quantity and total annual inventory cost. Note: Please include all required calculations in your report clearly.

The annual demand for cups is 2.3 million, the annual carrying cost per box of cups is $1.90, and the ordering cost is $320. Determine the optimal order quantity and total annual inventory cost. Note: Please include all required calculations in your report clearly.

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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