Question: hello i know this post befor but i wanted by excel solve it's totaly difrrent Linear Optimization Models 6. Morgan Inc. is planning the purchase

hello i know this post befor but i wanted by excel solve it's totaly difrrent

Linear Optimization Models 6. Morgan Inc. is planning the purchase of one of the component parts it needs for its finished product. The anticipated demands for the component for the next 12 periods are shown in the following table. The cost to order the component (labor, shipping, and paperwork) is $150. The cost to hold these components in inventory is $1 per compo- nent per period. The price of the component is expected to remain stable at $12 per unit for the next 12 periods, and no quantity discounts are available. The maximum order size is 1,000 units. Period 1 2. 3. 4. 6. 7. 8. 9. 10 11 12 Demand 20 20 30 40 140 360 500 540 460 80 0 20 a. Formulate a model to minimize the total cost of satisfying Morgan Inc.'s demand for this component. b. Solve the model formulated in part a. What is the optimal cost? How many orders are placed? Ci in considering the relocation of several police substations to obtain better L ith the

6. Morgan Inc. is planning the purchase of one of the component parts it needs for its finished product. The anticipated demands for the component for the next 12 periods are shown in the following table. The cost to order the component (labor, shipping, and paperwork) is $150. The cost to hold these components in inventory is si per compo- nent per period. The price of the component is expected to remain stable at $12 per unit for the next 12 periods, and no quantity discounts are available. The maximum order size is 1.000 units. Period Demand 1 2 3 4 5 20 20 30 40 140 7 500 8 9 10 11 12 540 460 800 20 360 a. Formulate a model to minimize the total cost of satisfying Morgan Inc.'s demand for this component. b. Solve the model formulated in part a. What is the optimal cost? How many orders are placed? ... in nancidering the relocation of several police substations to obtain better wichsha

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock 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 Finance Questions!

IOE 419 Mark S. Daskin Service Operations Management IOE Department Winter, 2017 University of Michigan Problem set 4 DUE: MONDAY - February 20, 2017 Points: 100 points total Problem 1: Babette has...

GLOBAL SOURCING AT NIKE 1. Identify the Ethical dilemma in the case 2. Alternatives to Ethical Dilemma 3. Conclusion of the Case NaE.N-HE MSIE.A MicaA at. W. Tcozsi.1. C.HviA Hu i. Global Sourcing at...

Hello, I know the post is lengthy. I just wanted to post the whole case study, so the reader could understand the questions being asked. The only questions I need answered are on the last picture...

Hands-On Exercises #7 Superglobals $_GET and $_POST Source: Source: Connolly, R. and Hoar, R., (2018), Fundamentals of Web Development Before you do the exercises If you havent already done so, you...

Exercise 7-1 Checking for POST 1. 2. Test lab7exercise7-1.php in a browser and notice that it contains a simple one field form that posts the results back to itself. The first thing to do is detect...

Note: Hello, I know you can't answer all the questions (its one question per post). I wish I could post them one by one but I know the same person won't answer them all. If you can answer most of...

Hello, I know that these are simple easy questions, but I unfortunately keep making mistakes in them and I can't finally understand them properly.. Will you please show me handwritten calculations...

13 and 14 13. Suppose you have created a C program hello.c and you have successfully compiled it using gcc and obtained the output file hello. You know when you run it the program would print a lot...

Hello, According to below post, could you please advise why you know that is safe or unsafe to start a crucial conversation? "Crucial conversations are essential, so it is necessary to learn if it is...

Hello! I know what a MANOVA is and the differences between it and the ANOVA. However, I am having issues running the SPSS on the data. I need the data run in SPSS so that I can answer the questions....

Using the Internet, find an article that describes an area where an author believes continuous assurance will be (or would have been) of great value to solve a problem or prevent a problem in the...

Beta coefficients and the capital asset pricing model Katherine Wilson is wondering how much risk she must undertake to generate an acceptable return on her portfolio. The risk-free return currently...

Elaine is the CFO of Gold Stackers, a chain of jewelry stores that is publicly traded. Elaine personally certified a financial report filed with the SEC, knowing that the report was not accurate....

Assume a companys activity-based costing system includes three activities. The following information is available with respect to those activities: Activity Cost Pool Estimated Overhead Cost Expected...