Consider the Economic Order Quantity (EOQ) Model for Multiple Products\[\text { Minimize } \sum _ { k = 1 } ^ { N } \left[ C _ { k } Q _ { k } + \frac { S _ { k } D _ { k } } { Q _ { k } } + i C _ { k } \frac { Q _ { k } } { 2 } \right]\]

The Answer of Consider the Economic Order Quantity (EOQ) Model for Multiple Products\[\text { Minimize } \sum _ { k = 1 } ^ { N } \left[ C _ { k } Q _ { k } + \frac { S _ { k } D _ { k } } { Q _ { k } } + i C _ { k } \frac { Q _ { k } } { 2 } \right]\]

Consider the Economic Order Quantity (EOQ) Model for Multiple Products\[\text { Minimize } \sum _ { k = 1 } ^ { N } \left[ C _ { k } Q _ { k } + \frac { S _ { k } D _ { k } } { Q _ { k } } + i C _ { k } \frac { Q _ { k } } { 2 } \right]\]

The Answer of Consider the Economic Order Quantity (EOQ) Model for Multiple Products\[\text { Minimize } \sum _ { k = 1 } ^ { N } \left[ C _ { k } Q _ { k } + \frac { S _ { k } D _ { k } } { Q _ { k } } + i C _ { k } \frac { Q _ { k } } { 2 } \right]\]

Solved

Consider the Economic Order Quantity (EOQ) Model for Multiple Products

question 10

Essay

Consider the economic order quantity (EOQ) model for multiple products that are independent except for a budget restriction. The following model describes this situation
Let D_k = annual demand for product k
C_k = unit cost of product k
S_k = cost per order placed for product k
i = inventory carrying charge as a percentage of the cost per unit
B = the maximum amount of investment in goods
N = number of products
The decision variables are Q_k, the amount of product k to order. The model is: $\text { Minimize } \sum _ { k = 1 } ^ { N } \left[ C _ { k } Q _ { k } + \frac { S _ { k } D _ { k } } { Q _ { k } } + i C _ { k } \frac { Q _ { k } } { 2 } \right]$ s.t. $\sum _ { k = 1 } ^ { N } C _ { k } Q _ { k } \leq B$ $Q _ { k } \geq 0 \text { for } k = 1,2 , \ldots N$
a. Set up a spreadsheet model and for the following data: $\begin{array} { | l | c | c | c | } \hline & \text { Product 1 } & \text { Product 2 } & \text { Product 3 } \\\hline \text { Annual Demand } & 1250 & 1550 & 1450 \\\text { Product Cost } & \$ 120 & \$ 90 & \$ 105 \\\text { Order Cost } & \$ 110 & \$ 175 & \$ 140 \\B & \$ 30,000 & & \\i & 0.3 & & \\\hline\end{array}$
b. Solve the problem using Excel Solver. (Hint: For Solver to find a solution, you need to start with decision variable values that are greater than 0.)

Describe the process and importance of antigen presentation in the initiation of an immune response.

Grasp the concept of immunological memory and how it underlies the body's ability to respond more rapidly and effectively to previously encountered pathogens.

Understand the basic components and functions of the immune system.

Identify the roles and differentiation processes of T and B lymphocytes in the immune response.

Definitions:

Nation

A large group of people united by common descent, history, culture, or language, inhabiting a particular country or territory.

Total Employment

The total number of people employed in an economy at a given time, including both full-time and part-time workers.

Absolute Number

A value expressed without comparisons, adjustments, or relations, representing a distinct, precise figure.

Farm Employment

Farm employment refers to the work and jobs related to agriculture, including the cultivation of crops and livestock management.