Question: A component used in a manufacturing facility is ordered from an outside supplier. Thetime - phased requirements for the component over the next 7 weeks

A component used in a manufacturing facility is ordered from an outside supplier. Thetime-phased requirements for the component over the next 7 weeks are 15,20,16,10,2014, and 18. Current inventory of this item is 8, and the ending inventory should be 7.Assume a holding cost of $2 per week and a setup cost of $40.
1) Determine the order policy for this item over the next 7 weeks based on the Silver-Mealheuristic.

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