Question: Assume the following inventory demand rorcuast. table [ [ Time Period, 1 , 2 , 3 , 4 , 5 , 6 , 7
Assume the following inventory demand rorcuast.
tableTime Period,Demand
Assume that carrying costs on average inventory are $ per unit per time period and that purchase order costs are $ per order. Determine the total inventory costs over the time periods if the LFL lotsizing technique is used.
Using the data as given in problem determine the total inventory costs if the EOQ lotsizing approach is used.
Repeat problem but use the POQ approach.
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