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### Quiz - Chapter 12

Course: MGMT 408, Spring 2012
School: Buena Vista
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12: CHAPTER Example 8 Inventory Production Order Quantity Model Enter the data in the shaded area. You may have to do some work to enter the daily production rate. Data Demand rate, D Setup cost, S Holding cost, H Daily production rate, p Daily demand rate, d Unit price, P 3650 50 12 (fixed amount) 100 10 Results Optimal production quantity, Q* Maximum Inventory Average Inventory Number of Setups 183.83769...

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12: CHAPTER Example 8 Inventory Production Order Quantity Model Enter the data in the shaded area. You may have to do some work to enter the daily production rate. Data Demand rate, D Setup cost, S Holding cost, H Daily production rate, p Daily demand rate, d Unit price, P 3650 50 12 (fixed amount) 100 10 Results Optimal production quantity, Q* Maximum Inventory Average Inventory Number of Setups 183.83769 165.45392 82.726961 19.854471 Holding cost Setup cost 992.72353 992.72353 Unit costs Total cost, Tc COST TABLE Cost (\$ ) 4500 4000 3500 3000 2500 2000 1500 1000 500 0 45.9594225216 137.8782675648 229.797112608 Production Quantity (Q) Setup cost 0 1985.4471 Start at Invent ory: Cost vs Quant it y 45.9594225 Increment by15.3198075 Q Setup cost Holding costTotal cost 45.9594225 3970.89411 248.180882 4219.07499 61.27923 2978.17058 330.907842 3309.07842 76.5990375 2382.53646 413.634803 2796.17127 91.918845 1985.44705 2481.80882 107.238653 496.361763 1701.81176 579.088724 2280.90048 122.55846 1489.08529 661.815684 2150.90097 137.878268 1323.63137 744.542645 2068.17401 153.198075 1191.26823 827.269605 2018.53784 168.517883 1082.97112 909.996566 1992.96769 183.83769 992.723526 992.723526 1985.44705 199.157498 916.360178 1075.45049 1991.81067 214.477305 850.90588 1158.17745 2009.08333 229.797113 794.178821 1240.90441 2035.08323 245.11692 744.542645 1323.63137 2068.17401 260.436728 700.746019 1406.35833 2107.10435 275.756535 661.815684 1489.08529 2150.90097 291.076343 626.98328 1571.81225 2198.79553 306.39615 595.634116 1654.53921 2250.17333 321.715958 567.270587 1737.26617 2304.53676 337.035765 541.48556 1819.99313 2361.47869 352.355573 517.942709 1902.72009 2420.6628 367.67538 496.361763 1985.44705 2481.80882 382.995188 476.507293 2068.17401 2544.68131 398.314995 458.180089 2150.90097 2609.08106 Holding cost Total cost 321.7159576512
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