Question: [ Minimize _ j = 1 ^ N [ C _ j D _ j + S _ j D _ j / Q _
Minimize jNCj DjSj DjQji CjQj; st jN wj Qj W; Qj j N
In the objective function, the first term is the annual cost of goods, the second is the annual ordering cost Dj Qj is the number of orders and the las Set up a spreadsheet model for the following data:
W; i
Solve the problem using Excel Solver. Hint: You will need to start with decision variable values that are greater than for Solver to find a solution. If required, round your answers to two decimal places. Optimal Solution:
Q
Q
Q
If required, round your answer to the nearest dollar. Do not round intermediate calculations. Total cost $
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