QuickHelper

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    Phoniex
    Jul-2007 - Jun-2012

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    ChevronTexaco Corporation
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Category > Business & Finance Posted 10 Jun 2017 My Price 13.00

EOQ Excel Problem

Question description

 

 

17.  The owner of a diner has summarized the price lists from four potential vendors (see the  following table) who want to supply her with cooking oil.  Monthly usage is 300 gallons, ordering cost is $10 per order, and the monthly carrying cost is $ .50 a gallon. 

  Which vendor should she use, and what order quantity is best if she wants to minimize total annual costs (TMC).

  VENDOR W        VENDOR X           VENDOR Y        VENDOR Z 

Quantity  Price    Quantity  Price   Quantity  Price    Quantity  Price

1-99           $25      1-79       $25        1-25        $27        1-59       $26

 

 

100-399      24       80-139     24        26-89        25        60-139     25

400+           22       140-299    23       90-199      24       140-249    24

                              300+         22        200+        23        250+        23

Since demand and carrying costs are both expressed on a monthly basis, you will need to multiply these values by 12 to put into annual terms. 

You will be using an EXCEL template that has already been created for quantity discount inventory problems and can be found at Stevenson’s online learning center at www.mhhe.com/stevenson11e. ALL 8 OUTPUT PAGES MUST BE INCLUDED IN ANSWER!

Answers

QuickHelper
(10)
Status NEW Posted 10 Jun 2017 08:06 AM My Price 13.00

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