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Business
Operations Management
VENDOR A VENDOR B QUANTITY PRICE QUANTITY PRICE 1-49 $35.00 1-74 $34.75 50-74 34.75 75-149 34.00 75-149 33.55 150-299 32.80 150-299 32.35 300-499 31.60 300-499 31.15 500+ 30.50 500+ 30.75 VENDOR C VENDOR D QUANTITY PRICE QUANTITY PRICE 1-99 $34.50 1-199 $34.25 100-199 33.75 200-399 33.00 200-399 32.50 400+ 31.00 400+ 31.10

VENDOR A VENDOR B QUANTITY PRICE QUANTITY PRICE 1-49 $35.00 1-74 $34.75 50-74 34.75 75-149 34.00 75-149 33.55 150-299 32.80 150-299 32.35 300-499 31.60 300-499 31.15 500+ 30.50 500+ 30.75 VENDOR C VENDOR D QUANTITY PRICE QUANTITY PRICE 1-99 $34.50 1-199 $34.25 100-199 33.75 200-399 33.00 200-399 32.50 400+ 31.00 400+ 31.10

Practical Management Science
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
Chris Sandvig Irrigation, Inc., has summarized the
price list from four potential suppliers of an underground control
valve. See the accompanying table on the next page. Annual usage
is 2,400 valves; order cost is $10 per order; and annual inventory
holding costs are $3 .33 per unit.
Which vendor should be selected and what order quantity is
best if Sandvig Irrigation wants to minimize total cost?
VENDOR A VENDOR B QUANTITY PRICE QUANTITY PRICE 1-49 $35.00 1-74 $34.75 50-74 34.75 75-149 34.00 75-149 33.55 150-299 32.80 150-299 32.35 300-499 31.60 300-499 31.15 500+ 30.50 500+ 30.75 VENDOR C VENDOR D QUANTITY PRICE QUANTITY PRICE 1-99 $34.50 1-199 $34.25 100-199 33.75 200-399 33.00 200-399 32.50 400+ 31.00 400+ 31.10
Transcribed Image Text:VENDOR A VENDOR B QUANTITY PRICE QUANTITY PRICE 1-49 $35.00 1-74 $34.75 50-74 34.75 75-149 34.00 75-149 33.55 150-299 32.80 150-299 32.35 300-499 31.60 300-499 31.15 500+ 30.50 500+ 30.75 VENDOR C VENDOR D QUANTITY PRICE QUANTITY PRICE 1-99 $34.50 1-199 $34.25 100-199 33.75 200-399 33.00 200-399 32.50 400+ 31.00 400+ 31.10
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