Topic: Economic Order Quantity
Determine the Economic Order Quantity in Excel for:
Price of Product: $150
Savings Rate: 12%
Annual Usage: 16240
Cost of transportation: $200/order
Cost of PO preparation: $60/order
Warehouse Rental: $8/piece
Topic: Linear Programming
Develop problem 1 of chapter 8 using excel or by hand. You need to present the objective and constraints equations. No need to solve it.
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