Question: 1 2 Prob 1 2 - 1 ( Input ) Using this Excel sheet, enter the data from the problem statements and formulas to answer
Prob InputUsing this Excel sheet, enter the data from the problem statements and formulas to answer
the following questions regarding Millennium Liquors. Refer to the notations near the cells for help in placing the correct values in the correct cells.
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Consider using the "Check your work" button to confirm your answers. You get one free usage.You need to enter information from the problem in YELLOW cellsYou need to eneter formulas to calculate answers in BLUE cellsGREEN cells are calculated for you. No need to update.RKhQMillennium Liquors is a wholesaler of sparkling wines. Its most popular product is the French Bete Noire, which is shipped directly from France. Weekly demand is cases. Millennium purchases each case for USD there is a USD fixed cost for each order independent of the quantity ordered and its annual holding cost is percent. Assume weeks per year.Demand Rate
units per yearOrder Cost
$ per OrderHolding Cost per unit
$ per unit per yearOptimal Order Quantity
UnitsWeekly demand weeksFixed Cost for each orderCase cost holding cost Q
SQRT x K x R h$$
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