Ch12Ex8 - 28.28 44.19 72.48 377.12 26.52 47.14 73.66 400.69...

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CHAPTER 12: Example 8 Inventory Production Order Quantity Model Data Demand rate, D 1000 Setup cost, S 10 Holding cost, H 0.5 (fixed amount) Daily production rate, p 8 Daily demand rate, d 4 Unit price, P Results Optimal production quantity, Q* 282.84 Maximum Inventory 141.42 Average Inventory 70.71 Number of Setups 3.54 Holding cost 35.36 Setup cost 35.36 Unit costs 0 70.71 COST TABLE Start at 70.71 Increment by 23.57 Q Setup cost Holding costTotal cost 70.71 141.42 8.84 150.26 94.28 106.07 11.79 117.85 117.85 84.85 14.73 99.58 141.42 70.71 17.68 88.39 164.99 60.61 20.62 81.23 188.56 53.03 23.57 76.6 212.13 47.14 26.52 73.66 235.7 42.43 29.46 71.89 259.27 38.57 32.41 70.98 282.84 35.36 35.36 70.71 306.41 32.64 38.3 70.94 329.98 30.3 41.25 71.55 353.55
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Unformatted text preview: 28.28 44.19 72.48 377.12 26.52 47.14 73.66 400.69 24.96 50.09 75.04 424.26 23.57 53.03 76.6 447.83 22.33 55.98 78.31 471.4 21.21 58.93 80.14 494.97 20.2 61.87 82.07 518.54 19.28 64.82 84.1 542.12 18.45 67.76 86.21 565.69 17.68 70.71 88.39 589.26 16.97 73.66 90.63 612.83 16.32 76.6 92.92 Total cost, T c 70.71 117.85 164.99 212.13 259.27 306.41 353.55 400.69 447.83 494.97 542.12 589.26 20 40 60 80 100 120 140 160 Inventory: Cost vs Quantity Setup cost Holding cost Total cost Production Quantity (Q) Cost ($) Enter the data in the shaded area. You may have to do some work to enter the daily production rate....
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This note was uploaded on 11/24/2010 for the course QUANT DSCI taught by Professor B during the Fall '10 term at Fairleigh Dickinson.

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