Question: Problem # 2 : A component used in a manufacturing facility is ordered from an outside supplier. Because the component is used in a variety
Problem #:
A component used in a manufacturing facility is ordered from an outside supplier. Because the component is used in a variety of end products, the demand is high. Estimated demand in thousands over the next weeks is
tableWeekDemand
The components cost cents each and the interest rate used to compute the holding cost is percent per week. The fixed order cost is estimated to be $Hint: Express as the holding cost per thousand units.
a What ordering policy is recommended by the SilverMeal heuristic?
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