2. Lot-Sizing Technique [25+10 points]: The campus bookstore at LSU sells writing tablets to students, faculty,...

 

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2. Lot-Sizing Technique [25+10 points]: The campus bookstore at LSU sells writing tablets to students, faculty, and staff. During an 8-day period the sales pattern is 220, 310, 250, 270, 230, 220, 360 and 280. The holding cost is $0.008/tablet/year while the order handling cost $15 per order. (a) What is the optimal ordering policy during the 8-week period based on Silver-Meal heuristic? (b) What is the total cost of inventory operations? da Ordering Period NMJSETA 2 3 4 7 8 Lot size, SM 220 310 2501 270 230 220 340 280 Period(in week) Weekly Demand Ordering Policy Beginning Inventory Ending Inventory Carrying Cost (in dollars) TC = ? No. of periods Additional beginning additional inventory inventory held 2 3 Carrying cost of additional units 4 5 Cum.carrying cost plus ordering cost 6 Average cost/period, TCM (N) 8 2. Lot-Sizing Technique [25+10 points]: The campus bookstore at LSU sells writing tablets to students, faculty, and staff. During an 8-day period the sales pattern is 220, 310, 250, 270, 230, 220, 360 and 280. The holding cost is $0.008/tablet/year while the order handling cost $15 per order. (a) What is the optimal ordering policy during the 8-week period based on Silver-Meal heuristic? (b) What is the total cost of inventory operations? da Ordering Period NMJSETA 2 3 4 7 8 Lot size, SM 220 310 2501 270 230 220 340 280 Period(in week) Weekly Demand Ordering Policy Beginning Inventory Ending Inventory Carrying Cost (in dollars) TC = ? No. of periods Additional beginning additional inventory inventory held 2 3 Carrying cost of additional units 4 5 Cum.carrying cost plus ordering cost 6 Average cost/period, TCM (N) 8

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