Question: Develop a POQ solution and calculate total relevant costs for the data in the preceding table. Develop a POQ solution and calculate total relevant costs

Develop a POQ solution and calculate total relevant costs for the data in the preceding table.

11 10 80 12 50 MRP lot sizing: POQ POQ order size will vary by the quantities required in the respective weeks. POQ interval-EOQ/Average weekly usage-73/27-2.7 weeks 1 2 3 4 5 6 7 8 9 Gross requirements 30 - 40 30 70 20 10 scheduled receipts Beginning iny 40 40 End inv Net requirement planned order receipts planned order releases 0-57 Inventory Holding cost Ordering cost Total 750 Lot-for-lot can be considered best as it has the lowest cost at $1,100. EOQ - $1,660,POQ-S1.175. 37 MRP lot sizing: POQ Our orders will very by the quantities required in the respective weeks 38 POQ order size will vary by the quantities required in the respective weeks. POQ interval=E0Q/Average weekly usage=73/27=2.7 weeks 1 2 3 4 5 6 7 8 9 10 11 12 10 Gross requirements 30 40 307020 1080 50 11 scheduled receipts L 2 Beginning in E40 40 13 End inv 1 0 14 Net requirement 0 5 planned order receipts 0 16 planned order releases 0 7 8 0 =57 9 Inventory weekly usage = 1 10 =275 units/week= 30 units/week 209 5 7_ . POQ Interval= 25 U Holding cos Average weekly wage 10 2 weeks 1 Ordering co 7 50 2 Total 775 4 Lot for lot can be considered best as it has the lowest cost at $1,100, EOQ = $1,660, POQ = $1,175 11 10 80 12 50 MRP lot sizing: POQ POQ order size will vary by the quantities required in the respective weeks. POQ interval-EOQ/Average weekly usage - 73/27-2.7 weeks 1 2 3 4 5 6 7 8 9 Gross requirements 30 40 30 70 20 10 scheduled receipts Beginning in 40 40 Endiny Net requirement planned order receipts planned order releases 057 Inventory Holding cost Ordering cost Total 750 775 Lot-for-lot can be considered hest as it has the lowest cost at $1,100. EOQ - $1,660;POQ-S1,175. Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross 30 40 30 70 20 1080 O 50 requirements Holding cost = $2.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40; stockout cost = $10 Develop a POQ solution and calculate total relevant costs for the data in the preceding table

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