Extend the spreadsheet from Problem 34 to 1,000 rows or more and compute the average cost per
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Extend the spreadsheet from Problem 34 to 1,000 rows or more and compute the average cost per period. If the cost changes substantially as you recalculate the spreadsheet, you need to add additional rows.
Now, experiment with different values of the order-up-to point to find the one that minimizes the average cost per period. Compare your results to the theoretical optimal solution.
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Related Book For
Production And Operations Analysis
ISBN: 9781478623069
7th Edition
Authors: Steven Nahmias, Tava Lennon Olsen
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