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Develop a EOQ solution and calculate total relevant costs for the gross requirements in the following table*. Period 1 Gross requirements 20 3 4 5 6 7 8 40 30 20 20 *Holding cost = $1.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40. What is the average demand per week? (enter your responses with 2 decimal places): Calculate Economic Order Quantity (EOQ) (enter your responses as whole numbers): Calculate the number of periods for POQ (enter your responses as whole numbers): Develop a POQ solution (enter your responses as whole numbers). Period Gross requirements Scheduled receipt Projected On-hand Net Requirements Planned Order receipt Planned Order release Setup cost for 12 weeks is $ Carrying cost for 12 weeks is 40 2 1 2 3 4 5 6 7 8 9 30 20 20 20 40 10 (enter your response as a whole number). $ (enter your response as a whole number). The total cost is $ 9 10 10 40 (enter your response as a whole number). 11 12 50 10 11 12 40 50

Develop a EOQ solution and calculate total relevant costs for the gross requirements in the following table*. Period 1 Gross requirements 20 3 4 5 6 7 8 40 30 20 20 *Holding cost = $1.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40. What is the average demand per week? (enter your responses with 2 decimal places): Calculate Economic Order Quantity (EOQ) (enter your responses as whole numbers): Calculate the number of periods for POQ (enter your responses as whole numbers): Develop a POQ solution (enter your responses as whole numbers). Period Gross requirements Scheduled receipt Projected On-hand Net Requirements Planned Order receipt Planned Order release Setup cost for 12 weeks is $ Carrying cost for 12 weeks is 40 2 1 2 3 4 5 6 7 8 9 30 20 20 20 40 10 (enter your response as a whole number). $ (enter your response as a whole number). The total cost is $ 9 10 10 40 (enter your response as a whole number). 11 12 50 10 11 12 40 50

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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Develop a EOQ solution and calculate total relevant costs for the gross requirements in the following​ table*.
                                                                                                                                        
Period
1
2
3
4
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10
11
12
Gross requirements
20
 
40
 
30
20
20
 
10
40
 
50
 
​*Holding
cost=​$1.50​/unit/week;
setup
cost=​$150​;
lead
time=1
​week; beginning
inventory=40.
 
What is the average demand per​ week?
​(enter
your responses with 2 decimal
places​):
enter your response here
Calculate Economic Order Quantity​ (EOQ)
​(enter
your responses as whole
numbers​):
enter your response here
Calculate the number of periods for POQ
​(enter
your responses as whole
numbers​):
enter your response here
 
Develop a POQ solution
​(enter
your responses as whole
numbers​).
 
 
Period
 
1
2
3
4
5
6
7
8
9
10
11
12
Gross requirements
 
20
 
40
 
30
20
20
 
10
40
 
50
Scheduled receipt
 
 
 
 
 
 
 
 
 
 
 
 
 
Projected​ On-hand
40
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Net Requirements
 
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Planned Order receipt
 
 
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Planned Order release
 
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Setup cost for 12 weeks is
​$enter your response here   
​(enter
your response as a whole
number​).
Carrying cost for 12 weeks is
 
​ $enter your response here  
​(enter
your response as a whole
number​).
The total cost is
​$enter your response here
​(enter
your response as a whole
number​).
Develop a EOQ solution and calculate total relevant costs for the gross requirements in the following table*. Period 1 Gross requirements 20 5 6 7 30 20 20 *Holding cost = $1.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40. What is the average demand per week? (enter your responses with 2 decimal places): Calculate Economic Order Quantity (EOQ) (enter your responses as whole numbers): Calculate the number of periods for POQ (enter your responses as whole numbers): Develop a POQ solution (enter your responses as whole numbers). Period Gross requirements Scheduled receipt Projected On-hand Net Requirements Planned Order receipt Planned Order release Setup cost for 12 weeks is $ Carrying cost for 12 weeks is 40 2 3 40 1 20 4 2 3 40 4 $ (enter your response as a whole number). The total cost is $ 8 5 6 7 30 20 20 (enter your response as a whole number). (enter your response as a whole number). 9 10 11 10 40 8 9 10 40 12 50 10 11 D 12 50
Transcribed Image Text:Develop a EOQ solution and calculate total relevant costs for the gross requirements in the following table*. Period 1 Gross requirements 20 5 6 7 30 20 20 *Holding cost = $1.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40. What is the average demand per week? (enter your responses with 2 decimal places): Calculate Economic Order Quantity (EOQ) (enter your responses as whole numbers): Calculate the number of periods for POQ (enter your responses as whole numbers): Develop a POQ solution (enter your responses as whole numbers). Period Gross requirements Scheduled receipt Projected On-hand Net Requirements Planned Order receipt Planned Order release Setup cost for 12 weeks is $ Carrying cost for 12 weeks is 40 2 3 40 1 20 4 2 3 40 4 $ (enter your response as a whole number). The total cost is $ 8 5 6 7 30 20 20 (enter your response as a whole number). (enter your response as a whole number). 9 10 11 10 40 8 9 10 40 12 50 10 11 D 12 50
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