Question: Management does not use an economic criterion, like EOQ, to determine planting quantity. Rather, they have stated that they want to plant a minimum of
Management does not use an economic criterion, like EOQ, to determine planting quantity. Rather, they have stated that they want to plant a minimum of a year's worth of high-volume and two years' worth of low volume trees at a time. The idea is to order the year's supply target plus an amount needed to make up the difference between the minimum and current inventory position. For those tree types that are below the minimum level (calculated in part 2), calculate a proposed planting quantity. Create an additional col- umn in the table for the proposed planting quantity
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