Holding Cost (%) Price ($) Annual Ordering Cost ($) Unit Item Demand 101 500 10 20 0.50 102 1500 10 30 0.20 103 5000 25 30 1.00 104 250 15 25 4.50 105 1500 35 35 1.20 201 10000 25 15 0.75 202 1000 10 20 1.35 203 1500 20 25 0.20 204 500 40 25 0.80 205 100 10 15 2.50

Holding Cost (%) Price ($) Annual Ordering Cost ($) Unit Item Demand 101 500 10 20 0.50 102 1500 10 30 0.20 103 5000 25 30 1.00 104 250 15 25 4.50 105 1500 35 35 1.20 201 10000 25 15 0.75 202 1000 10 20 1.35 203 1500 20 25 0.20 204 500 40 25 0.80 205 100 10 15 2.50

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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Question

Given the following list of items,
(a) Calculate the annual usage cost of each item.
(b) Classify the items as A, B, or C.

Holding
Cost (%) Price ($)
Annual
Ordering
Cost ($)
Unit
Item
Demand
101
500
10
20
0.50
102
1500
10
30
0.20
103
5000
25
30
1.00
104
250
15
25
4.50
105
1500
35
35
1.20
201
10000
25
15
0.75
202
1000
10
20
1.35
203
1500
20
25
0.20
204
500
40
25
0.80
205
100
10
15
2.50

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