Question: Consider the following Economic Order Quantity (EOQ) problem: A = 10000, k = 10, c = 8, h = 0.1 Let Q* be the EOQ,

Consider the following Economic Order Quantity (EOQ) problem: A = 10000, k = 10, c = 8, h = 0.1

Let Q* be the EOQ, and let AC be the annual cost (including order and holding but not including the purchase costs).

Rounded to the nearest integer, what is the value of 10000 * EOQ + AC?

As a hypothetical example, if we were to have EOQ = 987.600 and AC = 123.400, then the answer would be 9876123.

Step by Step Solution

★★★★★

3.52 Rating (169 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

A 10000 K 10 C 8 EOQ 2kc 210x8 NOW ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

Consider the following economic events involving Leons. Indicate whether Leons would include each item in a calculation of net income using cash accounting and accrual accounting for the year ended...

Q:

Consider the following economic events. Which of them will have the effect of amplifying a negative real shock and which are intended to offset a shock? a. Several large financial institutions become...

Q:

Consider the following economic events. a. Political turmoil in the Middle East causes oil prices to skyrocket, acting as a negative supply shock on the US economy. This negative supply shock makes...

Q:

Consider the following limit- order book of a market- maker. The last trade in the stock took place at a price of $ 50. a. If a market- buy order for 100 shares comes in, at what price will it be...

Q:

Approximately 40 percent of a medical clinic's weekly incoming calls for doctors' appointments occur on Monday. Due to this large workload, 20 percent of the callers receive a busy signal and have to...

Q:

Consider the following problem. Maximize Z = 5x1 + 4x2 x3 + 3x4, Subject to and x1 ¥ 0, x2 ¥ 0, x3 ¥ 0, x4 ¥ 0. (a) Work through the simplex method step by step to solve the problem....

Q:

Consider the following special type of shortest-path problem (see Sec. 10.3) where the nodes are in columns and the only paths considered always move forward one column at a time. The numbers along...

Q:

Consider the following linearly constrained convex programming problem: Minimize Z = x21 6x1 + x32 3x2, Subject to x1 + x2 1 and x1 0, x2 0. (a) Obtain the KKT conditions for this problem.

Q:

Consider the following linearly constrained convex programming problem: Maximize f(x) = 8x1 x21 + 2x2 + x3, Subject to x1 + 3x2 + 2x3 12 and x1 0, x2 0, x3 0.

Q:

Consider the following linearly constrained convex programming problem: Maximize f(x) = 3x1 x2 + 40x1 + 30x2 4x21 x41 3x22 x42, Subject to 4x1 + 3x2 12 x1 + 2x2 4 and x1 0, x2 0.

Q:

The client thinks that all you do in mediation is talk about feelings. Explain in depth how this is a myth and include citations if possible

Q:

The North American Free Trade Agreement (NAFTA) was an agreement among the United States, Canada, and Mexico that was in effect between 1994 and 2020. During this time, the number of manufacturing...

Q:

Businesses like Earth Angel and Bubbly Dynamics described in the "Adapting to Change" box reuse, redistribute, refurbish or recycle products instead of adding them to landfills. This circular economy...

Q:

3-7. The box of a dump truck pivots at A and has a force of 850 lb applied by a hydraulic cylinder as shown in Figure P3-7. Determine the moment about A due to this force. 63 850 lb 30 A FIGURE P3-7

Q:

One of Lauren's responsibilities as the director of graduate enrollment was to make the first night of class in the MBA program, known as Base Camp, a welcoming and impressive event. She assembled...

Q:

An electronics store kept records of sales of tablets for the previous month. Those buying a tablet had the option of buying an additional warranty for their item. It was also recorded whether the...

Q:

I posted many times but I need correct answers 9 7 . Question in Chemical Engineering

Q:

Privitera and Freeman (2012) constructed a scale to measure or estimate the daily fat intake of participants; the scale was called the estimated daily intake scale for fat (EDIS-F). To validate the...

Q:

In this chapter, we focused a lot on budget constraints, but time is an additional constraint that consumers face. Jackson has $40 per week to spend on leisure activities. He likes to bowl and to...

Q:

In this chapter, we focus on three big functions that banks perform: i. They evaluate business ideas to see to whom its worth lending. ii. They spread an investments risk among many different...

Q:

Consider Figure 29.10.Would a rise in government borrowing make it harder or easier for a new business to sell new stocks in an initial public offering (IPO)? In other words, are government bonds and...

Q:

A Chinese proverb warns, The fire you kindle for your enemy often burns you more than him. How is this true of Type A individuals?

Q:

Can you remember a time when you felt better after discussing a problem with a loved one, or even after playing with your pet? How did it help you to cope?

Q:

What does a polygraph measure and why are its results questionable?