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. Thetimephased requirements for the component over the next weeks are and Current inventory of this item is and the ending inventory should be Assume a holding cost of $ per week and a setup cost of $
Determine the order policy for this item over the next weeks based on the SilverMealheuristic.
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