Question: Consider the following requirements for a certain product. Period 1 2 3 4 5 6 7 8 Gross requirements 0 200 200 500 0 400

Consider the following requirements for a certain product.

Period

1

2

3

4

5

6

7

8

Gross requirements

0

200

200

500

0

400

0

400


Beginning inventory = 500 units

Setup cost = $500 per setup

Lead time = 1 week

Holding cost = $3 per unit per week

a. Develop the lot-for-lot MRP table.

b. Calculate the total relevant costs.


Period


1

2

3

4

5

6

7

8

Gross requirements


0

200

200

500

0

400

0

400

Projected on hand

500









Net Requirement










Planned Reciept










Planned Order











Setup Cost=

Holding Cost=

Total Cost =

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