Homework Answers
Case 1
Annual demand = 2000 = D
EOQ = Square root ((2*D*S)/h) S = ordering cost per order = $10 and
h = holding cost = $1
EOQ = Square root ((2*2000*10)/1) = Square root(40000) = 200
Total cost
= Ordering cost + holding cost + purchase cost
=(2000/200)*10 + (200/2)*1 + 2000*1
= 2200
Case 2
Ordering quantity is adjusted upwards to avail discount so ordering quantity = 2000
Total cost
= Ordering cost + holding cost + purchase cost
=(2000/2000)*10 + (2000/2)*1 + 2000*0.75
= 2510
Quantity discount should not be taken as cost is higher
Correct answer is No
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a.) What is the EOQ?
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b.) Should the discount be taken?
Since the total cost with discounted volume is __ the total cost
at the EOQ volume, Cesar Rego should __ the discount, provided
other factors such as storage space, etc. permits
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Since the total cost with discounted volume is __ the total cost
at the EOQ volume, Cesar Rego should __ the discount, provided
other factors such as storage space, etc. permits
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