1. Please find the (total) annual costs of the general EOQ model and EOQ with backlogging....
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1. Please find the (total) annual costs of the general EOQ model and EOQ with backlogging. To get the full credits, you need to find all the values (questions marks) in the table from 1) to 12). They should be represented in terms of D. A. h, 3. deck, and Q. 2. Assume that the backlog demand is 2. Indeed, dback 2. In that case, find the optimal order quantity (Q) in the EOQ with backlogging model. You can assume that the annual cost function in the EOQ with backlogging model is convex. Your optimal order quantity should be presented in terms of D, 4, h, s, and Q (Hints: if f(x)=, then f'(x)=-) General EOQ (order quantity Q) OT= Order Period Average Inventory Level Total Inventory Level in a 1) OT x²= Single Cycle Annual Inventory Cost (Total Inventory Level x Number of Orders x h) 012 Annual Ordering Cost (Total) Annual Cost (Inventory+ Ordering Costs) 2) ? 3)? 4) ? EOQ with Back-Logging (order quantity Q) Time to Stock Out 5) O'?=? Time under Shortage Average Inventory Level Average Shortage Level 2 Total Inventory Level in a 7) 02 x 5 Single Cycle ? Total Shortage Level in a Single Cycle Annul Inventory Cost Annual Shortage Cost Annual Ordering Cost (Total) Annual Cost (Inventory+Shortage+Ord ering) 6) ?T=? Q-dback 2 dback Q-drack 2 8) TT X=? 2 9) ? 10) ? 11) 7 = 12) ? 1. Please find the (total) annual costs of the general EOQ model and EOQ with backlogging. To get the full credits, you need to find all the values (questions marks) in the table from 1) to 12). They should be represented in terms of D. A. h, 3. deck, and Q. 2. Assume that the backlog demand is 2. Indeed, dback 2. In that case, find the optimal order quantity (Q) in the EOQ with backlogging model. You can assume that the annual cost function in the EOQ with backlogging model is convex. Your optimal order quantity should be presented in terms of D, 4, h, s, and Q (Hints: if f(x)=, then f'(x)=-) General EOQ (order quantity Q) OT= Order Period Average Inventory Level Total Inventory Level in a 1) OT x²= Single Cycle Annual Inventory Cost (Total Inventory Level x Number of Orders x h) 012 Annual Ordering Cost (Total) Annual Cost (Inventory+ Ordering Costs) 2) ? 3)? 4) ? EOQ with Back-Logging (order quantity Q) Time to Stock Out 5) O'?=? Time under Shortage Average Inventory Level Average Shortage Level 2 Total Inventory Level in a 7) 02 x 5 Single Cycle ? Total Shortage Level in a Single Cycle Annul Inventory Cost Annual Shortage Cost Annual Ordering Cost (Total) Annual Cost (Inventory+Shortage+Ord ering) 6) ?T=? Q-dback 2 dback Q-drack 2 8) TT X=? 2 9) ? 10) ? 11) 7 = 12) ?
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Answer rating: 100% (QA)
To find the values in the table we need to use the formulas and concepts of the Economic Order Quantity EOQ model and the EOQ with backlogging model L... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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