M. de Koster, of Rene Enterprises, has the master production plan shown below: Period (weeks) 1 2
Question:
Period (weeks) 1 2 3 4 5 6 7 8 9
Gross requirements 15 20 10 25
Lead time = 1 period; setup cost = $ 200; holding cost = $ 10 per week; stockout cost = $ 10 per week. Your job is to develop an ordering plan and costs for:
a) Lot- for- lot.
b) EOQ.
c) POQ.
d) Which plan has the lowest cost?
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a Lot size Lotforlot Setup cost 200 Holding cost 10 Lead time 1 week 1 2 3 4 5 6 7 8 9 Gross require...View the full answer
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