Question: Material Requirement Planning (10 marks) Month 1 Requirement 40 2 100 3 80 4 120 5 50 Holding cost = $4/unit/month; setup cost = $500:

Material Requirement Planning (10 marks) Month 1

Material Requirement Planning (10 marks) Month 1 Requirement 40 2 100 3 80 4 120 5 50 Holding cost = $4/unit/month; setup cost = $500: lead time = 1 month; no beginning inventory Based on the data given in the table above, use each lot-sizing technique below to calculate its total relevant costs for the 5 months. (a) Lot-for-lot (1 mark) (6) EOQ (4 marks) (c) Part Period Balancing

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