Long description

There are two tables of two columns each on the screenshot.

The data table, row by row descending, reads as follows:

  • Demand rate, D; 1000

  • Ordering cost, S; 10

  • Holding cost, H; 0.5 open parens fixed amount closed parens

  • Unit price, P; 0

A tip box pointing to the data 0.5 reads “Enter the demand rate, the ordering cost, the holding cost, and, if it is available, the unit price here.”

The results table, row by row descending, reads as follows:

  • Optimal Order Quantity, Q asterisk; equals SQRT open parens 2 times B 8 times B 9 divided by B 10 closed parens

  • Maximum Inventory; equals B 14

  • Average Inventory; equals B 14 divided by 2

  • Number of Orders; equals B 8 divided by B 14

  • Blank cell; blank cell

  • Holding cost; equals B

  • Setup cost; equals ...

Get Quantitative Analysis for Management, 13/e now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.