Consider the following MRP lot sizing problem for 6 weeks net requirements, when cost per item is $15 and order or set up cost is $55 and inventory carrying cost per week is $0 1 Weekly Net Requirements 1 2 3 4 5 6 50 65 30 45 70 55 Calculate the total cost by running least total cost for MRP schedule for all 6 weeks How much is the economic order quantity for 6 weeks Calculate the total cost by running least unit cost for an MRP schedule for all 6 weeks

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Question: Consider the following MRP lot-sizing problem for 6 weeks net requirements, when cost per item is $15 and order or set up cost is $55

Consider the following MRP lot-sizing problem for 6 weeks net requirements, when cost per item is $15 and order or set up cost is $55 and inventory carrying cost per week is $0.1

Weekly Net Requirements:

1	2	3	4	5	6
50	65	30	45	70	55

Calculate the total cost by running least total cost for MRP schedule for all 6 weeks.
How much is the economic order quantity for 6 weeks?
Calculate the total cost by running least unit cost for an MRP schedule for all 6 weeks.

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