The anticipated demand for a certain item over the next 6 months is 175, 125, 160, 100, 115, and 140. Current inventory of this item is 40, and ending inventory should be 60. Assume a holding cost of $1.5 per month per unit and a setup cost of $250.

Based on Silver-Meal heuristic:

y=[a],[b],[c],[d],[e],[f]

with total cost = $[g]

Based on Least Unit Cost heuristic:

y=[h],[i],[j],[k],[l],[m]

with total cost = $[n]

Based on Part Period Balancing:

y=[o],[p],[q],[r],[t],[u]

with total cost = $[v]

Solve it and fill 

all the blanks from (a to v)

Answer rating: 100% (QA)

Current inventory is 40 units and first month demand is 175 unit... View the full answer