Question: entire quantity ordered arrives at one time, that the demand for the item is constant over time, and that no shortages are allowed. Let Dj=

entire quantity ordered arrives at one time, that the demand for

entire quantity ordered arrives at one time, that the demand for the item is constant over time, and that no shortages are allowed. Let Dj= annual demand for item j Cj= unit cost of item j Sj= cost per order placed for item j i= inventory carrying charge as a percentage of the cost per unit W= the maximum amount of space available for all goods wj= space required for item j The decision variables are Qj, the amount of item j to order. The model is: Minimize j=1N[CjDj+QjSjDj+iCj2Qj] s.t j=1NwjQjW Qj0j=1,2,N Set up a spreadsheet model for the following data: W=5,000 i=0.3

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