Question: Define the order quantities ( based on the specific replenishment policies ) and the related costs for all scenarios below. Ordering cost is 2 0
Define the order quantities based on the specific replenishment policies and the related costs for all scenarios below. Ordering cost is per order while inventory cost is per unit per period marks
Week Demand Inventory Level Planned Order Receipt Planned Order Release Holding Cost Ordering Cost Total Cost
Table B: Fixed Order Quantity FOQ of
Orders are placed for a fixed quantity of items every other week lead time is weeks
Week Demand Inventory Level Planned Order Receipt Planned Order Release Holding Cost Ordering Cost Total Cost
Table C: Fixed Order Period FOP of weeks
Orders are placed every weeks, regardless of demand, for enough quantity to cover the demand for the next weeks.
Week Demand Inventory Level Planned Order Receipt Planned Order Release Holding Cost Ordering Cost Total Cost
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Table D: Lot Size of items
Orders are placed for a fixed quantity of items, with a lead time of weeks.
Week Demand Inventory Level Planned Order Receipt Planned Order Release Holding Cost Ordering Cost Total Cost
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