Question: In the table below is a production schedule for a manufacturer. James have been hired on to figure out the optimal 6 month production schedule

In the table below is a production schedule for a manufacturer. James have been hired on to figure out the optimal 6 month production schedule using the Wagner-Whitin Algorithm. Explain the rationale behind the answer you found and what is the most dominant variable in your calculations? C6, C5 and C4 are given. Calculate C3, C2 and C1. Please show calculations

Period (t)

1

2

3

4

5

6

Demand (Dt)

1000

300

500

200

800

1000

Unit Cost (ct)

21

21

21

21

21

21

Setup Cost (At)

326

326

326

326

326

326

Holding Cost (ht)

54

54

54

54

54

54

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