8. Three types of motors are being inventoried by a company. The inventory carrying cost rate is 15%. Total space available is 1500 ft. Using the following information to determine the optimum order quantity for each motor with the space constraint. Solve by trial and error using excel. Motor 1 1500 Motor 2 2000 5 USD Motor 3 3000 Demand per year Item cost 10 USD 7.5 USD Ordering cost Floor space/item 50 USD 0.5 ft 50 USD 2.5 ft 50 USD 1.0 ft?
8. Three types of motors are being inventoried by a company. The inventory carrying cost rate is 15%. Total space available is 1500 ft. Using the following information to determine the optimum order quantity for each motor with the space constraint. Solve by trial and error using excel. Motor 1 1500 Motor 2 2000 5 USD Motor 3 3000 Demand per year Item cost 10 USD 7.5 USD Ordering cost Floor space/item 50 USD 0.5 ft 50 USD 2.5 ft 50 USD 1.0 ft?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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