Question: slove it in excel x & fi B D E F G Question 1: M.P. VanOyen Manufacturing has gone out on bid for a regulator
slove it in excel
x & fi B D E F G Question 1: M.P. VanOyen Manufacturing has gone out on bid for a regulator component. Expected demand is 700 units per month. The item can be purchased from either Allen Manufacturing or Baker Manufacturing. Their price lists are shown in the table. Ordering cost is $50, and annual holding cost per unit is $5. a) What is the economic order quantity? b) Which supplier should be used? Why? c) What is the optimal order quantity and total annual cost of ordering, purchasing, and holding the component? Allen MFG Unit Price 1 Quantity 1-499 500-999 16.00 15.50 15.00 Baker MFG Quantity Unit Price 1-399 16.10 400-799 15.60 800+ 15.10 3 1000+
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
