1. (EOQ)The Wallace Stationary Company purchases paper from the Seaboard PaperCompany. Wallace produces stationary that require 1,415,000 sq. yards of stationary peryear. The cost per order for the company is $2,200; the cost of holding 1 yard of paper ininventory is $0.08 per year. Determine the following:a. Economic order quantity(please show your work)B. Minimum total annual costc. Optimal number of orders per yeard. Optimal time between orders

Annual demand = 1,415,000 Ordering cost(S) = 2200 Holding cost(H) = 0.08

Answered: 1. (EOQ)The Wallace Stationary Company…

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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