Question: Inventory Quantity Discount Model Calculate the minimum total cost using the quantity discount model. Plot the cost vs. quantity figure. Data Demand rate, D Setup

Inventory Quantity Discount Model Calculate the

Inventory Quantity Discount Model Calculate the minimum total cost using the quantity discount model. Plot the cost vs. quantity figure. Data Demand rate, D Setup cost, s Unit holding cost %, 5000 49 0.2 Range 1 Minimum quantity Unit Price, P Range 2 700 5 Range 3 1000 4.8 2000 4.75 Range 2 Range 3 Results Range 1 Q* (Square root formula) Order Quantity Holding cost Setup cost Unit costs Total cost, Tc Base inc on Cost table Costable n a 'Unit cost Unit cost Setup cost Setup cost Holding cost Holding cost Total unit costs Total unit costs Total Costs Total Costs

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