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Determine the economic order quantity

Assignment Help Operation Management
Reference no: EM132148521

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.

Problem

The Waikiki Enterprise Corporation produces two types of computer satits manufacturing plant in Torrance, California. Profit on computer A is $900 per unit and for computer B it is $600. The manufacturing plant can produce not more than 50 of computer A and 100 of computer B a day. The following table displays the capacity for the manufacturing plant.

 

PLANT

CAPACITY TO PRODUCE COMPUTER A

CAPACITY TO PRODUCE COMPUTER B

MAXIMUM AVAILABLE CAPACITY

A Riverview Plant

51

101

18000

Unit profit

$900

$600

 

a. What are the decision variables?

b. What is the objective function?

c. What are the constraints?

d. Whatarethenon-negativityassumptions?

Reference no: EM132148521

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