{"id":2024,"date":"2023-02-17T22:41:51","date_gmt":"2023-02-17T22:41:51","guid":{"rendered":"https:\/\/www.goodacademic.com\/blog\/questions\/plot-by-hand-please\/"},"modified":"2023-02-17T22:41:51","modified_gmt":"2023-02-17T22:41:51","slug":"plot-by-hand-please","status":"publish","type":"questions","link":"https:\/\/www.goodacademic.com\/blog\/questions\/plot-by-hand-please\/","title":{"rendered":"plot by hand please"},"content":{"rendered":"<div class=\"col-sm-12 messageContent\"><b>Learning Goal: <\/b>I&#8217;m working on a engineering question and need an explanation and answer to help me learn.<\/p>\n<p>Revisit the example EOQ problem we did in class, where demand was 1000 units\/yr., setup cost was $500 per setup, and holding costs were $35\/unit\/yr. Create a graph showing annual setup cost, annual holding cost, and annual total inventory cost against order quantity (<i>note: you <\/i><i><u>do not<\/u><\/i><i> need to plot the annual production cost)<\/i>. You may use a software package such as Excel, or plot neatly by hand. Then calculate the optimum lot size, and indicate it on the graph. What observations can you make?<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Learning Goal: I&#8217;m working on a engineering question and need an explanation and answer to help me learn. Revisit the example EOQ problem we did in class, where demand was 1000 units\/yr., setup cost was $500 per setup, and holding costs were $35\/unit\/yr. Create a graph showing annual setup cost, annual holding cost, and annual [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[185],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/2024"}],"collection":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/comments?post=2024"}],"version-history":[{"count":0,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/2024\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/media?parent=2024"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/disciplines?post=2024"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/paper_types?post=2024"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/tagged?post=2024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}