Question: ****** PLEASE USE EXCEL******* Please explain all of your steps and use excel to solve this question. BestBuy sells 15,000 units of Samsung vacuum every
****** PLEASE USE EXCEL*******
Please explain all of your steps and use excel to solve this question. BestBuy sells 15,000 units of Samsung vacuum every month (Assume twelve months per year). Each vacuum costs $280 and BestBuy has a holding cost of 20 percent. The fixed cost for each order BestBuy places with Samsung is $2,000. What is the optimal order size for BestBuy? What is the annual holding cost of the optimal policy? How many orders per year does BestBuy place? What is the annual ordering cost?
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