Question: ( PLEASE SOLVE HANDWRITING WITHOUT EXCEL ) Inventory Management - Part 2 ) An electrical repair firm inventories three kinds of small motors. The A
PLEASE SOLVE HANDWRITING WITHOUT EXCELInventory Management Part An electrical repair firm inventories three kinds of small motors. The A requirements plan for a certain type of gears is summarized in the following table. Fixed setup cost for production in any week is liras and inventory holding cost is liras per unit per week. Assume that there are no production capacity restrictions. Stockouts are not allowed. Ignore unit manufacturing costs of gears in your computations.WeekDemand unitsa Determine the weekly production quantities by Least Unit Cost method. What is the cost of this solution?b Determine the weekly production quantities by Part Period Balancing. What is the cost of this solution?c Is any of the solutions in part a or part b optimal? Explain.d Suppose that the maximum number of units of gears that can be stored in the warehouse of the firm is Apply the twostage heuristic approach to obtain a solution to this capacitated lot sizing problem and calculate the sum of the total setup and total holding costs for the solution.
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